SA retail sales surprised in December, growing faster than market expectations and further strengthening the case against a technical recession. But economists warn the sector is still expected to detract from overall GDP in the fourth quarter due to muted consumer spending.

While retail sales numbers published by Stats SA on Wednesday were positive, growing 2.7% from a year earlier in December after an upwardly revised 1% decrease in the prior month and better-than-market forecasts of a 0.7% fall, the outcome follows two consecutive months of declines...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.