Annual retail sales were flat in September, coming in well below economists expectations.
Stats SA announced on Wednesday that in real terms retail trade sales increased by 0.2% year-on-year in September 2019.
Ahead of the announcement, Investec and NKC African Economics said they were expecting a rise of 1.9% in September.
While sales in the textiles, clothing, footwear and leather goods sector grew by 3% over the past year, general dealers sales – a category that accounts for almost half of all sales – fell by 0.7%.
Sales were up 0,5% in September 2019 compared with August 2019.
- Compiled by Jan Cronje