Expectations of recovery dashed, but some analysts are still upbeat
After five months of firm growth, retail sales declined in February as spending behaviour normalised following a robust December and January.
The outcome was worse than that of a Bloomberg consensus of economists, who had expected an increase of 5.5% year on year for a sixth consecutive month...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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Retail trade sales decrease by by half a percentage point in February compared with January - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Figures released by Statistics South Africa indicated that retail trade sales decreased by half a percentage point in February compared with January 2022.
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