SA retail sales rise 3.4 percent in July
South African retail sales increased 3.4 percent year on year in July following a revised 1.1 percent rise in June. On a month-on-month basis, seasonally adjusted retail sales grew by 2.5 percent.
South Africa's retail sales rose 3.4% year on year in July, accelerating from an upwardly revised 1.1% increase in June. The figures from Statistics South Africa point to stronger consumer demand heading into the third quarter. The rebound exceeds the prior month's pace and signals broader economic momentum.
