Retail sales growth improves in line with retailers' expectations

31/03/15 at 7:33am

Results from the latest EY/Bureau for Economic Research (BER) Retail Survey suggest that retail sales volumes continued to mend during 2015Q1, with volume growth improving in line with retailers' earlier expectations1. According to Statistics South Africa, the growth in retail sales volumes accelerated from a five-year low of 1.4% year on year (y-o-y) during 2014Q2 to 2.2% y-o-y in 2014Q3 and 2.4% y-o-y in 2014Q4.

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