RTTNews - Wednesday, the Statistics South Africa announce that the retail sales at constant prices decreased 6.7% year-over-year in June, compared with a 4.4% fall in May, revised from 4.2% decline reported initially. Economists had expected a decline of 4.5%.
In second quarter, retail sales decreased 6% compared to the previous year.
For the January to June period, retail sales dropped 4.4% compared to the same period of the previous year.
Meanwhile, retail sales in current prices increased 3.6% annually in June, slower than the 6.6% growth in the previous year. In the second quarter, retail sales rose 4.8% from last year. For the first half of the year, retail sales grew 6.7% over a year ago.
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