JOHANNESBURG (Reuters) – South African retail sales fell 12% year on year in May following a 50.4% contraction in April, Statistics South Africa said on Wednesday.
On a month-on-month basis sales were up 74.2% compared to 50.7% monthly contraction in April, and in the three months to the end of May sales shrank 19.5% compared with the same period last year, the statistics body said.