Retail sales increase in April
Growth in retail trade sales increased much more than expected in April‚ despite load shedding and deteriorating consumer confidence.
Retail trade sales measured in real terms (constant 2012 prices) increased by 3.4% year on year in April from a 2.5% rise in March‚ Statistics SA data showed on Wednesday.
Retail sales were expected to have increased by 2.1% year on year in April.
The main contributors to the 3.4% increase were general dealers‚ contributing 1.3 percentage points‚ and retailers in textiles‚ clothing‚ footwear and leather goods‚ which contributed 0.7 of a percentage point.
Seasonally adjusted retail trade sales increased by 0.2% month on month in April 2015. This followed a month-on-month decrease of 0.4% in March 2015 and an increase of 1.6% in February 2015.
Seasonally adjusted retail trade sales increased by 1.3% in the three months ended April 2015 compared with the previous three months.
Retail trade sales increased 3.2% in the three months ended April 2015 compared with the three months ended April 2014‚ with the main contributors being general dealers and retailers in hardware‚ paint and glass.