Retail sales jump in April, giving hope of avoiding a recession
Retail sales grew 2.4% in April year-on-year, twice the rate expected
12 June 2019 - 14:03
SA’s retail sales jumped 2.4% in April, led by clothing retailers, adding to hopes that a technical recession may be avoided in the second quarter.
Retail sales grew at twice the rate expected in the Bloomberg consensus, with Statistics SA’s release on Wednesday coming after data on Tuesday showed manufacturing jumped 4.6% in April, the fastest pace in three years...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.