Retail sales growth slows down

South Africa's retail sales rose by 8,8 percent in the year to October, slowing from September and reducing pressure for tighter monetary policy, official data showed yesterday.

South Africa's retail sales rose by 8,8 percent in the year to October, slowing from September and reducing pressure for tighter monetary policy, official data showed yesterday.

The figure was down on revised sales growth of 13,5 percent for the year to September, hinting that consumers might be cutting back on spending as a result of higher interest rates. - Reuters

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