Retail sales slow to 1%
Jun 14, 2012 |
Reuters |
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GROWTH in South Africa's retail sales braked sharply to 1.0% on a year-on-year basis at constant prices in April, compared with a revised 6.7% in March, Stats SA said.
Picture taken from www.economywatch.msnbc.msn.com"Retail sales were boosted in April 2011 by the concentration of public holidays in late April and early May 2011 and additional school holidays after the Easter weekend," it said.
Economists polled expected year-on-year sales growth to ease to 4.5% in April.
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Mnikazi
its a good thing we need growth, let us forget about inflation for now. . . . another rate drop maybe? that will do.Report Abuse
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