South Africa’s September retail sales up 2.3 per cent

South Africa’s retail sales rose 2.3 percent year-on-year in September, below market expectations but above a revised 2.0 percent expansion in August.

Economists polled by Reuters had forecast retail sales would increase by 2.8 percent compared with the same month last year.

On a month-on-month basis, sales were down 0.8 percent, and rose 2.2 percent in the three months to September compared with the same period in 2013.