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SA retail sales dip less than expected in January

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Seasonally adjusted figures show monthly consumer demand rose by 1.5% from December

SA retail sales declined less than expected in January though they expanded in the month when adjusted for seasonal factors, offering a ray of light to the moribund economy.

Retail sales declined 0.8% year on year, but seasonally adjusted sales increased by 1.5% in the month, Stats SA reported on Wednesday. Economists surveyed by Reuters had expected a 2% annual decline...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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