South Africa Retail Sales Rise Further In November

South Africa's retail sales increased for the third month in a row in November, data from Statistics South Africa showed on Wednesday.

Retail sales rose 3.3 percent year-on-year in November, following a 1.9 percent increase in October. Economists had forecast a 1.9 percent growth.

The largest contribution came from retailers in textiles, clothing, footwear and leather goods, and general dealers.

On a month-on-month basis, retail sales increased 1.9 percent in November, after a 1.3 percent drop in the previous month.

In the three months ended in November, retail sales increased 4.1 percent, after remaining unchanged in the preceding three months.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT