South African retail sales fall 0.5% year on year in August

Reuters

Cityscape of Johannesburg in South Africa a venue of the 2010 World Cup, February 18, 2010. Reuters Image used for illustrative purpose

South African retail sales fell 0.5% year on year in August after declining by a revised 1.0% in July, Statistics South Africa figures showed on Wednesday.

On a month-on-month basis, sales increased 0.2%.

Sales in the three months to the end of August were down 1.1% compared with the same period last year, the statistics agency said.