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South Africa Retail Sales Growth Eases

South Africa's retail sales growth eased for the fourth straight month in October, data from Statistics South Africa showed Wednesday.

Retail sales increased 0.3 percent year-on-year in October, slower than the 0.4 percent rise in September. This was the slowest growth in seven months.

The largest positive contribution to growth came from food, beverages and tobacco and household furniture, appliances and equipment. Meanwhile, hardware, paint and glass sales decreased from last year.

On a monthly basis, retail sales fell 0.2 percent, reversing a 0.6 percent rise in September.

In the three months ended October, retail trade sales decreased 0.5 percent compared with the previous three months.

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