13.08.202012:29:00UTC+00South Africa Wholesale Sales Decline Slows In June

South Africa's wholesale sales declined at a softer pace in June, data from Statistics South Africa showed on Thursday.

Wholesale sales decreased an unadjusted 2.6 percent year-on-year in June, following a 19.9 percent fall in May. This was the fourth consecutive fall in sales.

The COVID-19 pandemic and lockdown regulations since March 27 have had an extensive impact on economic activity, the statistical office said.

On a monthly basis, wholesale sales rose a seasonally adjusted 9.7 percent in June, after a 29.6 percent growth in May.

For the three months ended in June, wholesale sales fell 19.9 percent, following a 17.6 percent decrease in the previous three months ended in June.