Retail sales remain weak, recovery in consumer spending expected in latter part of 2024
Retail sales remain weak, recovery in consumer spending expected in latter part of 2024 Johannesburg – Retail sales maintained its weakening bias in January, contracting by a notable -2.3% y/y in January after rising 1.0% in December. While the contraction is partly due to base effects, high inflation, weak household credit extension and the lag … Read more