ECONOMIC WEEK AHEAD: Risk rises of another quarterly economic contraction
Retail sales will indicate trajectory of economy
13 October 2019 - 16:51
Retail sales data isn’t usually gripping stuff, but with the economy rapidly losing momentum economists will be hanging on every word of the retail release this week for a clearer indication as to whether overall growth contracted during the third quarter.
Stats SA will release the August retail sales data on Wednesday. Most economists are expecting the data to have softened after a recent Bureau for Economic Research (BER) survey that shows confidence among retailers has dried up, along with sales volumes...
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