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South Africa Wholesale Sales Growth Eases In February

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South Africa’s wholesale trade rose for the fourth straight month in February, albeit at a softer pace, data from Statistics South Africa showed on Thursday.

Wholesale sales rose an unadjusted 4.3 percent year-on-year in February, after a 6.9 percent growth in January.

On a monthly basis, wholesale sales fell a seasonally adjusted 1.3 percent in February, after a 4.8 percent gain in the previous month.

For the three months ended in February, wholesale sales rose 1.8 percent, following a 1.0 percent increase in the previous three months ended in January.

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