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South Africa Retail Sales Growth Slows For Second Month

South Africa's retail sales growth slowed for the second straight month in August, figures from Statistics South Africa showed on Wednesday.

Retail sales climbed a non-adjusted 1.1 percent year-on-year in August, following a 2.0 percent increase in July. In June, sales grew 2.4 percent.

The main contributions came from all 'other' retailers, general dealers, and retailers in household furniture, appliances and equipment.

On a monthly basis, retail sales fell a seasonally adjusted 0.9 percent in August, after a 0.2 percent rise in the prior month. Sales fell for the first time in three months.

For the three-month period ended August, retail sales rose 0.7 percent, the same rate as seen in the previous three month ended July.

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