RETAIL sales fell more sharply than expected in November, highlighting the weakness of consumer demand and raising hopes that there is still a chance for another interest rate cut this year.
RETAIL sales fell more sharply than expected in November, highlighting the weakness of consumer demand and raising hopes that there is still a chance for another interest rate cut this year.
Stats SA said yesterday retail sales fell by 6,6percent year-on-year in November at constant prices, weaker than the forecast 5percent decline and a revised 6,1percent fall in October. - Reuters