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Wholesale trade sales increase but at a slower pace
18
Jul '08
Wholesale trade sales in real terms weakened to a 4.3% year-on-year growth rate in May 2008, following a large increase of 19.3% year-on-year in April 2008 that was partly a result of the additional working days in April 2008 compared with April 2007.

In the first five months of 2008, wholesale trade sales, at constant (2000) prices, increased by 8.7% compared with the same period in 2007. The annual growth rate for the corresponding period in 2007 was 8.3%.

Seasonally adjusted wholesale trade sales, at constant (2000) prices, for the three months ended May 2008 increased by 3.2% compared with the previous three months.

Wholesale trade sales, at current prices, for the three months ended May 2008 increased by 25.7% compared with the same period in 2007. The annual growth rate for the corresponding period in 2007 was 19,5%. The 25.7% year-on-year growth in 2008 was mainly as a result of increasing fuel sales following rising fuel prices.

Wholesale trade sales, at current prices, for May 2008 increased by 23.2% compared with May 2007.

Statistics South Africa

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Courtesy: Kornit Digital

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