International Observation: South Africa'S Retail Sales Grew Strongly In April

Retail sales in South Africa grew strongly in April, despite the pressure on household finances from inflation and rising interest rates, South Africa's daily business daily reported on June 15. South Africa's latest statistics show that South Africa's retail sales increased by 3.4% in April from a year earlier, the largest increase since January, far higher than the 1.7% growth expected by Bloomberg. Among them, household furniture, electrical equipment and Textiles, clothing, footwear and leather products are the biggest contributors All retail categories except hardware, paint and glass recorded growth. In addition, the South African Bureau of Statistics said South Africa's retail sales fell 0.2% month on month in April, better than the revised 0.8% month on month decline in March.

(source: website of the Ministry of Commerce)