Retail sales decline less than expected in February

GUEST – Siphamandla Mkhwanazi, FNB Senior Economist<br /> <br /> Retail sales volumes for February declined by 0.5% y/y, marking a third consecutive month of annual decline. Retail sales continued to decline in February, signalling that consumers’ disposable income remains under strain from high inflation and interest rates, even though the contraction was less than market expectations. <a href="http://www.kayafm.co.za/">Kaya FM </a>