What the news says
South Africa retail data reflects consumer purchasing power in Africa's largest economy. The above-forecast year-on-year growth may support economic momentum, while the weak month-on-month growth suggests near-term difficulties; these data influence asset valuations and interest rate forecasts for emerging markets.
07/22, 06:02 PM
South Africa retail sales rose 2.3% year-on-year in May, beating the 1.9% estimate, while month-on-month growth slowed to 0.1% from 0.9% previous.
South Africa retail sales rose 2.3% year-on-year in May, beating the 1.9% estimate, while month-on-month growth slowed to 0.1% from 0.9% previous.
Affected assets
LiveSquawk
07/22, 06:02 PM