What the news says
South Africa retail data reflects domestic purchasing power and inflationary pressures, directly impacting monetary policy decisions by the South African Reserve Bank (SARB) and the rand outlook. This report provides signals on the country's underlying economic momentum and may influence ZAR valuation against other currencies.
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
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