Retail trends: still challenging but improving

Posted On Tuesday, 25 May 2010 02:00 Published by
Rate this item
(0 votes)
Wholesale trade sales is still down but signs of recovery in the cosumer retail market now exist

Wholesale trade sales, at constant 2000 prices, for the first quarter of 2010 decreased by 4,4% compared with the first quarter of 2009, while sales for the same period in 2009 decreased by 6,1%.

Seasonally adjusted wholesale trade sales for the first quarter of 2010 increased by 0,6% compared with the fourth quarter of 2009.

Wholesale trade sales, at constant 2000 prices, for March 2010 increased by 0,4% compared with March 2009.

In nominal terms, wholesale trade sales decreased by 1,2% for the first quarter of 2010  compared with the first quarter of 2009. The major contributor to this decrease was dealers in machinery, equipment and supplies (-13,1% and contributing -2,6 percentage points). However, this decrease was partly counteracted by an increase in dealers in solid, liquid and gaseous fuels and related products (10,4% and contributing1,7 percentage points).

Wholesale trade sales, at current prices, for March 2010 increased by 4,0% compared with March 2009, while sales for the corresponding period in 2009 decreased by 0,7%.

Seasonally adjusted retail trade sales, at constant real) 2008 prices, for the first quarter of 2010 reflected an increase of 3,5% compared with the fourth quarter of 2009. However, for the first quarter of 2010 a real decrease of 0,6% compared with the first quarter of 2009 was observed, while sales for the corresponding period in 2009 decreased by 3,0%.
 
The main contributors to the decrease of 0,6% for the first quarter of 2010 compared with the first quarter of 2009 were all other retailers (-6,6% and contributing -1,0 percentage point) and retailers in hardware, paint and glass ( 13,6% and contributing -1,0 percentage point). However, these decreases were partially counteracted by an increase in the sales of retailers in textiles, clothing, footwear and leather goods (7,0% and contributing 1,2 percentage points) – see Table C on page 3.

Retail trade sales, at constant 2008 prices, for March 2010 reflected an increase of 1,0% compared with March 2009.

Nominal retail trade sales increased by 4,9% for the first quarter of 2010 compared with the first quarter of 2009 . The main contributors to this increase were general dealers (5,6% and contributing 2,2 percentage points) and retailers in textiles, clothing, footwear and leather goods (10,8% and contributing 1,9 percentage points). Retail trade sales for March 2010 increased by 5,7% compared with March 2009, while sales for the corresponding period in 2009 increased by 7,0%.


Publisher: eProp
Source: SSA

Most Popular

Mall of Africa Celebrates Launch of New Generation Pick n Pay Store

Sep 23, 2019
 MOA PNP  1
Today Mall of Africa welcomed one of South Africa's biggest grocery retailers to the…

Exemplar REITail Acquires Katale Square Shopping Centre

Sep 23, 2019
 JASON MCCORMICK
Real estate investment trust, Exemplar REITail, has acquired Katale Square shopping…

Grit Real Estate financial results for the year-ended 30 June 2019

Sep 30, 2019
 BRONWNY CORBETT
London Stock Exchange listed Grit, the only listed Africa-focused income distribution…

4AX listed Heartwood Properties reveals positive financial results

Sep 23, 2019
 JOHN WHALL
Commercial property development company, Heartwood Properties , has revealed a 30%…

Reserve Bank keeps repo rate unchanged

Sep 23, 2019
 LESETJA KGANYAGO
 South African Reserve Bank Governor Lesetja Kganyago on Thursday said this is in line…

Please publish modules in offcanvas position.