South Africa's retail sales growth moderated in August after accelerating in the previous month, data from Statistics South Africa showed on Wednesday.
On an unadjusted basis, retail sales rose 2.3 percent year-on-year in August, slower than the 5.7 percent increase in the prior month.
The annual sales growth in textiles, clothing, footwear, and leather goods eased to 1.6 percent from 9.9 percent. Sales of hardware, paint, and glass surged 8.8 percent, while sales of food, beverages, and tobacco in specialized stores declined by 3.7 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.