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Buoyant figures for retail, motor and wholesale
trade sectors
After a relatively subdued first few months of the
year, retailers stocked up in anticipation of a
bumper second half 2004 helping SA`s real wholesale
trade sales, excluding diamonds, rise by 17.1% year-on-year
(y/y) in October 2004 after rising by a revised
16.9% y/y in September, reports Finance24, and the
upward trend in retail sales continued, showing
annual nominal growth of 16.7% in October to R27.59bn.
Also, SA motor trade sales to end-October 2004 increased
by 17.6% compared with 2003 - for the October 2004
quarter the increase was 23.1% compared with 2003
and the seasonally adjusted motor trade sales for
this period increased by 3.0% over the quarter to
July 2004. Less positive, however, was the news
that SA`s total mining production for the three
months to end-November 2004 decreased by 0.8% compared
with the previous three months due to a seasonally
adjusted decrease of 1.9% in the production of gold
and a 0.5% decrease in the production of non-gold
minerals.
Source: Liberty Life, Financial News, 13 Jan' 2005 |
