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South Africa's retail sales slow to 1 percent y/y in March
May 14, 2014 / 11:10 AM / in 4 years

South Africa's retail sales slow to 1 percent y/y in March

JOHANNESBURG, May 14 (Reuters) - South Africa’s retail sales grew by a lower-than-expected 1 percent year-on-year in March compared with a revised 2.3 percent in February, Statistics South Africa said on Wednesday.

Economists had expected retail sales to rise 2 percent.

On a month-on-month basis, sales fell 1.4 percent in March, but were up 3.2 percent in the quarter to March compared with the same period in 2013. (Reporting by Stella Mapenzauswa; Editing by Olivia Kumwenda-Mtambo)

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