South Africa’s wholesale sales grew for the first time in seven months in September, data from Statistics South Africa showed on Thursday.

Wholesale sales increased an unadjusted 0.5 percent year-on-year in September, after a 3.8 percent fall in August.

On a monthly basis, wholesale sales rose a seasonally adjusted 0.8 percent in September, after a 0.9 percent fall in the previous month.

For the three months ended in September, wholesale sales accelerated 26.5 percent, following a 19.3 percent increase in the previous three months ended in August.

The material has been provided by InstaForex Company –

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