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SA retail trade sales down 1.4% y/y in May

Retail sales volumes declined by 1.4 per cent year on year in May, from a downwardly revised decline of 1.8 per cent in the previous month. Once again, this outcome was worse than Reuters consensus expectation of -1.1 per cent and marks a sixth consecutive month of annual decline in sales volumes. Joining CNBC Africa to unpack this further is Siobhan Redford, Economist, RMB.
Thu, 20 Jul 2023 08:23:05 GMT
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