Re­tail growth grows

The New Age (Free State) - - FRONT PAGE - BERNARD SATHEKGE bernards@the­newage.co.za

RE­TAIL sales rose by 5.3% year on year in the run up to Christ­mas in De­cem­ber – more than the mar­ket ex­pec­ta­tions of 4% – Stats SA fig­ures showed yes­ter­day.

This pleas­ing fig­ure was on top of a 7.9% in­crease in Novem­ber.

The high­est an­nual growth rates were recorded for “other re­tail­ers” (up 14.7%), and re­tail­ers in house­hold fur­ni­ture, ap­pli­ances and equip­ment (up 10%).

Gen­eral deal­ers and re­tail­ers in tex­tiles, cloth­ing, footwear and leather goods also con­trib­uted pos­i­tively in De­cem­ber.

“The over­all per­spec­tive on re­tail spend­ing and the strength of the South African con­sumer is likely to change for the better in months ahead given the cur­rent busi­ness mood,” one econ­o­mist said.

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