South Africa's retail sales grew at the slowest pace in four months in December, Statistics South Africa reported Wednesday.
Retail sales registered an annual increase of 2.6 percent in December, marking the weakest increase since August. Sales had increased 3.6 percent in November. Month-on-month, retail sales dropped 0.4 percent, in contrast to the 0.6 percent increase in the previous month.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.