South Africa's retail sales have dropped by 5,1% year-on-year in September compared with 6,5% decline in August.
The major contributors to the decrease of 5,2% in retail trade sales were retailers in hardware, paint and glass (-19,5% and contributing -1,7 percentage points) and general dealers (-2,8% and contributing -1,1 percentage points).
Stats SA says some sectors showed an increase, including general dealers (9,3% and contributing 3,6 percentage points), retailers of food, beverages and tobacco in specialised stores (7,5% and contributing 0,8 of a percentage point) and retailers in textiles, clothing, footwear and leather goods (4,4% and contributing 0,8 of a percentage point).
FREDDIE MITCHELL, ECONOMIST, EFFICIENT GROUP
"We're glad to see the pace of contraction in the retail sales slowing down. It's getting better, but there's still some work to be done to get into the positive side."
The rand was trading at 7,4277 against the dollar at 0938 GMT, from 7,43 just before the data was released at 0930 GMT. The yield on the 2015 bond was at 8,38% from 8,385%.