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Retailers News South Africa

Retail trade seen at 6.0% y/y Oct vs 6.1%

South African retail trade sales at constant (2008) prices for October 2010 are expected to dip slightly to 6.0% year-on-year (y/y) growth from 6.1% in September, according to a survey of leading economists by I-Net Bridge.

Forecasts among the seven economists ranged from 5.2% to 6.5%.

Growth in retail sales came in stronger than expected, at 6.1% in September, from the 4.6% in August, partly marking gains from the ending of the public sector strike.

Retail sales are likely to have remained firm in October, supported by attractive retail prices and low interest rates, according to one of the economists surveyed.

The October retail trade sales data will be released by Statistics South Africa at 11.30am on Wednesday, 8 December.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za



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