Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SOUTH AFRICA
MNI (London)
SOUTH AFRICA SEP RETAIL SALES +0.1% M/M (FCST -0.6%); AUG -1.3%r M/M
SOUTH AFRICA SEP RETAIL SALES -0.6% Y/Y (FCST +1.0%); AUG +2.1%r Y/Y
- South African retail sales saw weak +0.1% m/m growth in September, following the -1.3% m/m contraction in August. This was more robust than expectations.
- Sales were down -0.6% compared to September 2021. Substantial declines were recorded in food (-8.1%), hardware (-8.0%) and pharma (-4.9%).
- Apparel and general dealers continued to see robust growth, boosting Q3 retail sales to remain positive at +0.2% q/q.
- Q3 consumer sentiment remained extremely depressed in the FNB/BER survey. Only a marginal improvement is anticipated for Q4.
- Market focus remains on the CPI release due next week (Wed) ahead of the SARB's meeting on Thursday.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok