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South Africa Wholesale Sales Fall For Third Month

South Africa's wholesale trade fell for the third straight month in June, and at a faster pace, preliminary data from Statistics South Africa showed on Thursday.

Wholesale sales dropped an unadjusted 4.3 percent year-on-year in June, after a 2.3 percent decline in May.

On a monthly basis, wholesale sales fell a seasonally adjusted 2.2 percent in March, in contrast to a 3.5 percent rise in the prior month.

For the three months ended in March, wholesale sales slid 5.6 percent, following a 2.2 percent decrease in the previous three months ended in May.

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