Advertise with fastmoving.co.za
 
 

The data offers further hope that SA left recession behind — though this was the third sector to post a decline in the final month of the second quarter.
The data offers further hope that SA left recession behind — though this was the third sector to post a decline in the final month of the second quarter.

Wholesale trade sales pick up in second quarter

ECONOMIC NEWS

By Andries Mahlangu and Tammy Foyn - Aug 18th 2017, 09:57

Wholesale trade sales increased by 1.1% in the second quarter of 2017 compared with the same period a year ago, Statistics SA data showed on Thursday. 

The main contributors to the increase were dealers in food, beverages and tobacco, as well as solid, liquid and gaseous fuels and related products.

The survey is used to compile estimates of gross domestic product (GDP).

SA is expected to have exited a recession in the second quarter. Mining and manufacturing data last week, and retail sales data this week, suggested those sectors made a positive contribution to GDP growth in the second quarter.

For June alone, however, wholesale trade sales fell 1.4% from a year earlier, Stats SA said on Thursday.

That is a slightly worrying sign, as mining and manufacturing were also weaker in the final month of the quarter — suggesting the positive trend may not persist into the third quarter.
© BusinessLIVE MMXVII 

Read more about: trade | sales | sa stats | sa economy | retail

Related News

Checkers brings world-class retail to Constantia with new flagship store
27/11/2019 - 13:01
Checkers has opened the doors to its state-of-the-art 2 330 m² flagship supermarket at the Constantia Emporium as the retailer continues to take innovation to new heights.

Woolworths carves out market share in SA
27/11/2019 - 10:11
In Australia, David Jones's sales declined 2.1%, with the company saying a store refurbishment contributed to the decline.

Push and pull strategies work together to keep consumers coming back for more
26/11/2019 - 10:20
The retail sector is under increasing pressure as consumers have shrinking disposable income in a strained economy. Maintaining share of wallet is critical. Relying solely on a push route to market strategy from manufacturers into retailers is not enough to get consumers buying products. A pull strategy needs to coexist with the push to drive brand consumption. Integrating these strategies requires intelligent and insightful decision-making. This, in turn, requires data generated through smart technology which provides line of sight across the value chain from manufacturer to distribution, retailer to the consumer.

SA expected to sow fewer maize hectares than in previous seasons
26/11/2019 - 10:06
South African farmers are expected to sow 2.8% fewer hectares of the food staple maize next season than forecast in October after the planting season was delayed by rains, a Reuters survey of analysts showed.

Exclusive leases must fall: Commission cracks whip on Shoprite, Pick n pay, Spar, Woolies
26/11/2019 - 09:57
The Competition Commission Inquiry into Grocery Retail, published on Monday, called for an end to the exclusive leases negotiated by national retail chains in all shopping malls across the country in a bid to open up access to markets for smaller players.