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Wholesale Trade Increasing| News by Staff Reporter
According to data released by Stats SA on Thursday
Wholesale trade sales increased 3% in July 2011 compared to July 2010, according to official Stats SA data.
The statistics firm said wholesale trade sales, at constant 2000 prices, rose 3% year-on-year in July 2011.
For the three months ended July 2011 an increase of 5,4% was recorded compared with the same period the previous year. Sales for the corresponding period in 2010 rose 3,5%, said Stats SA.
“Seasonally adjusted wholesale trade sales for the three months ended July 2011 increased by 1,6% compared with the three months ended April 2011,” the firm added.
In nominal terms wholesale trade sales (at current prices) for the three months ended July 2011 increased by 11,5% compared with the same period in 2010.
“The major contributors to this increase were dealers in solid, liquid and gaseous fuels and related products (25,6% and contributing 5,2 percentage points), dealers in agricultural raw materials and livestock (28,9% and contributing 1,4 percentage points) and dealers in other household goods except precious stones (13,6% and contributing 1,4 percentage points),” according to Stats SA.
Wholesale trade sales (at current prices) increased 9,9% year-on-year in July 2011, while sales for the corresponding period in 2010 rose 8,8%, the firm added.