Retail sector barely budged in March

The retail sector barely grew in March as consumers battled headwinds.

The three-month average for the first quarter, which forms part of the country’s GDP, showed retail trade sales decreased 0.7% compared with the previous quarter. The retail sector is an important indicator of consumer spending: it drives growth in the economy as it accounts for just more than 60% of GDP.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ECONOMIC WEEK AHEAD: Little hope of retail sales improvingMost economists expect retail sales growth to have soften marginally in March, writes Claire Bisseker
Source: BDliveSA - 🏆 12. / 63 Read more »

ECONOMIC WEEK AHEAD: Little hope of retail sales improvingMost economists expect retail sales growth to have soften marginally in March, writes Claire Bisseker
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: China April industrial output up 5.4%, much less than expected, retail sales also falterGrowth in China's industrial output slowed more than expected to 5.4 percent in April from a 4-1/2 year high in March, reinforcing views Beijing will have to roll out more stimulus measures as a trade war with the United States intensifies.
Source: dailymaverick - 🏆 3. / 84 Read more »

Mexicans march for their missing children on Mother's DayHighlighting the problem, gunmen attacked a bus carrying prison guards home for Mother's Day visits in the central town of Puente de Ixtla, killing five people and wounding three others.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

British investment New Frontier creates problems for RebosisSA fund to sell some of its best retail assets
Source: BDliveSA - 🏆 12. / 63 Read more »

Cuban police break up unauthorised LGBT rights march in HavanaThe colourful parade, or 'conga,' used to kick off activities educating people about homophobia and transphobia that are nevertheless taking place. Please get it right its LHBT there's no G
Source: ewnupdates - 🏆 30. / 53 Read more »

Vodacom group revenue up 4.3% to R90.1bn in year to MarchHeadline earnings per share for the year was down 6.6%, impacted by the new BEE ownership deal.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Vukile concludes deal to acquire three shopping mallsIt says the acquisition would complement its retail portfolio and position as a leading retail REIT in South Africa.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

British investment New Frontier creates problems for RebosisSA fund to sell some of its best retail assets
Source: BDliveSA - 🏆 12. / 63 Read more »

Shot hole borer on the march through Cape Town trees, city council warns“The city anticipates that more locations will be reported as public awareness increases and trees on properties and streets within the vicinity of the initial sighting are inspected.”
Source: TimesLIVE - 🏆 28. / 59 Read more »

Mining output drops - power cuts blamed for decline in productionMining production fell 1.1% year in March and was down 3.4% in the first quarter.
Source: SowetanLIVE - 🏆 13. / 63 Read more »