South Africa's Wholesale Sales Fall Further

South Africa’s wholesale trade declined for the sixth successive month in July, preliminary figures from Statistics South Africa showed Thursday.

Wholesale sales fell 1.1 percent year-over-year in July, slower than the 1.3 percent decrease in June.

On a monthly basis, wholesale trade rose 0.6 percent in July, following a 2.2 percent climb in the preceding month.

At current prices, wholesale sales grew 1.2 percent annually and by 1.0 percent monthly in July.

The material has been provided by InstaForex Company –

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