South African Retail Sales Rise 21st Straight Month in November
(Bloomberg) -- South African retail sales rose for a 21st consecutive month in November, potentially boosting an economy that emerged from a recession in the third quarter.
Sales increased 3.1 percent from a year earlier, compared with a revised 2.1 percent expansion the previous month, the Pretoria-based statistics office said Wednesday in a report on its website. Sales were 3.3 percent higher in the month.
- Growth in retail sales could help boost the economy’s recovery in the fourth quarter after factory output also expanded in October and November.
- Sales increased 2.3 percent in the three months through November from the previous three months.
- November included the annual “Black Friday” sales. The category that expanded most was household furniture, appliances and equipment, which was 13.5 percent higher than a year earlier.
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