South African retail sales increase

File: The figures from StatsSA show that retail sales jumped 95.8 percent year on year in April following a revised 2.3 percent contraction in March.

File: The figures from StatsSA show that retail sales jumped 95.8 percent year on year in April following a revised 2.3 percent contraction in March. AFP/Drew Angerer

AFP

JOHANNESBURG - The latest retail sales show that consumers have been spending a lot more. 

The figures from StatsSA show that retail sales jumped 95.8-percent year on year in April following a revised 2.3-percent contraction in March.

According to analysts, the improvement shows that the economy is slowly beginning to recover.

READ: Retail sales lower year-on-year

That's after the national lockdown last year. 

The hard lockdown affected non-essential retailers.

The surge in retail trade in April was led by sales of textiles, clothing, footwear, and leather goods. 

Source
eNCA

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