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December retail trade held steady by clothing sales

By Janice Roberts at New Media
15 February 2017 • 1 min read

By Jason Muscat, FNB Senior Industry Economist.

December retail trade sales expanded 0.9% year-on-year, more or less in line with expectations. As had been expected, the month-on-month number dropped sharply, falling -2.3% on a seasonally adjusted basis, largely as a result of preemptive Christmas shopping taking place in November, particularly on Black Friday. (more…)


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