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Retail Trade Sales in May

| News by Staff Reporter

Retail trade sales increased 5,0 percent year-on-year for the three months ended May 2011


Stats SA recently released its retail trade sales figures for May 2011, showing an increase of 5,0 percent in the three months ended May 2011 compared with the corresponding period the previous year.

Stats SA said in real terms, retail trade sales for the three months ended May 2011 reflected an increase of 5,0 percent compared with the three-month period ended May 2010.

“The largest contributor to the increase of 5,0% was `general dealers` (6,3% and contributing 2,4 percentage points), followed by `retailers in textiles, clothing, footwear and leather goods` (5,9% and contributing 1,2 percentage points),” said the statistics firm.

On a monthly basis and measured in real terms (at constant 2008 prices), seasonally adjusted retail sales dropped by 4,8 percent in May 2011. Stats SA said the decrease of 4,8 percent in May 2011 compared with April 2011 was followed by month-on-month changes of 2,6 percent in April 2011 and 0,4 percent in March 2011.

The statistics firm added that the total retail trade sales figures (in real terms) recorded no growth between May 2010 and May 2011.

“The largest percentage changes between these two months were recorded for `retailers in household furniture, appliances and equipment` (+6,3%), `general dealers` (+4,0%), `retailers in pharmaceutical and medical goods, cosmetics and toiletries` (+3,8%), `retailers in hardware, paint and glass` (-8,5%) and `retailers in food, beverages and tobacco in specialised stores` (-8,4%),” said Stats SA.


Source: www.bizpremises.co.za