ECONOMIC WEEK AHEAD
sector earned 11 cents of profit for every rand of turnover generated.
Business services took the top spot as the industry with the highest profit margin ratio, followed by personal services, manufacturing, transport and trade.
The electricity, gas and water supply industry, as well as mining, experienced losses as these industries spent more than they received in revenue.
In addition to the above releases, there will also be data releases on wholesale trade, motor trade, building plans as well as statistics on civil cases for debt.
Wholesale trade has been subdued for the past few months, but given the large increase in the maize harvest, we should see some y/y increases shortly.
Real wholesale trade sales fell by 1.4% y/y in August after a 1.8% y/y drop in July.
As expected motor trade sales returned to a y/y increase in August after a 1.8% y/y fall in July and jumped by 4.1% y/y.
Growth at a similar level should continue in September as new vehicle sales grew by 7.0% y/y in September after a 6.7% y/y gain in August.
The new vehicle sales are reported in terms of the number of vehicles sold, whereas