According to Statistics SA, the South Africa’s wholesale industry had a poor performance in last year in November due to a decrease in wholesale trade by 8.1%. Sales regarding this deficit were measured in real terms by employing regular 2012 prices.
Wholesale trade sales seasonally drop by 3% in November 2014 compared with October 2014. This however was preceded with month-on-month changes of -3.9% in October 2014 and 2.8% in September 2014.
Seasonally adjusted wholesale trade sales declined by 0.1% in the three months ended November 2014 compared to the previous three months.
In November 2014, wholesale trade sales declined by 3% compared with November 2013 using current prices.
In the three months ended November 2014, wholesale trade increased by 4.4% against the three months ended November 2013.