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ECONOMY
Retail sales increase
Posted Thu, 09 Feb 2006

Retail sales have continued to grow as consumers take advantage of lower interest rates and the benefits of personal tax cuts, according to data released on Wednesday.

Retail trade sales at constant (2000) prices increased by 6.8 percent in the three months up to November 2005, compared to the same period in 2004, Statistics SA said on Wednesday.

Similarly, retail trade sales at constant (2000) prices, for the period January to November 2005, increased by 6.5 percent compared with the period January to November 2004.

Retail trade sales at constant (2000) prices, for November 2005, increased by 8.1 percent compared with November 2004.

Retail trade sales at current prices, for the three months up to November 2005, increased by 11.2 percent compared with the three months up to November 2004.

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SA economy SA economy
A stable political system, robust institutions, modern infrastructure, consistent growth rate, strong investment ratings ... and opportunities for Africa!


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Statistics South Africa SA's official statistics body produces a number of key indicators, including monthly inflation and quarterly GDP figures, unemployment and population counts.


ECONOMY UPDATE
Business expectations remain positive

Manufacturing output up 6.2%

Retail sales increase

Pension fund assets exceed R1-trillion

Business confidence at record high

Net reserves climb to $18.7bn

Govt to spend R372bn on infrastructure

Jan house price growth at 14.9%

Interest rates unchanged

Strong new vehicle sales

Manufacturing hit by strong rand

SA hotels boost occupancy levels

Economic growth creating jobs

Producer inflation rises

Inflation dampens rate cut hopes



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