May wholesale trade up 8.7%
Fin24 - Jul 20th 2012, 08:31
Johannesburg - Wholesale trade sales at constant prices for May grew by 8.7% year-on-year (y/y) compared with a 9.5% y/y growth in Aprilâ€š Statistics SA data showed on Thursday.
Wholesale trade sales increased by 14.6% y/y in nominal terms in May.
Measured in real termsâ€š seasonally adjusted wholesale trade sales rose by 1% in May compared with April following month-on-month changes of 2.4% in April and -4.9% in March.
Measured in nominal terms (current prices)â€š wholesale trade sales increased by 13.7% for the three months ended May 2012 compared with the same period in 2011.
The three major contributors to this increase were dealers in solidâ€š liquid and gaseous fuels and related products,
contributing 5.6 percentage points; machineryâ€š equipment and supplies, contributing 2.6 percentage points; and foodâ€š beverages and tobacco, contributing 2 percentage points.
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The countryâ€™s second-largest retailer, Pick n Pay (PIK), is operating in a time of tightened consumer spending, increased competition in the retail sector, and increased food inflation and utility costs, the retailerâ€™s chairman, Gareth Ackerman, said on Friday.
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Consumer inflation slows again
18/04/2012 - 11:42
Johannesburg - South Africaâ€™s consumer inflation slowed to 6.0% year-on-year in March, in line with market consensus from 6.1% in February, Statistics South Africa said on Wednesday.