JOHANNESBURG (Reuters) –Ā South Africa’s retail sales grew by a lower-than-expected 1 percent year-on-year in March compared with a revised 2.3 percent in February, StatisticsĀ South AfricaĀ said on Wednesday.
Economists had expected retail sales to rise 2 percent.
On a month-on-month basis, sales fell 1.4 percent in March, but were up 3.2 percent in the quarter to March compared with the same period in 2013.
