South Africa’s retail sales declined further in December, data from Statistics South Africa showed on Wednesday.
Retail sales fell 1.3 percent year-on-year in December, following a 4.3 percent decrease in November. Economists had forecast a 3.5 percent decline.
The biggest negative contribution came from all ‘other’ retailers.
On a month-on-month basis, retail sales fell 0.8 percent in December, after a 2.1 percent rise in the previous month.
In the three months ended in December, retail sales increased 2.8 percent, after a 4.4 percent rise in the preceding three months.
In 2020, retail sales declined 6.9 percent.