JOHANNESBURG – Retail sales ticked up in June, signalling that the economy evaded a recession in the second quarter following the first three months’ shock 3.2 percent plunge in gross domestic product .
Capital Economics economist John Ashbourne said the figures added to the growing evidence that the economy returned to growth in the second quarter. “The return to growth increases the risk that policymakers will leave their key interest rate on hold at 6.50 percent next month, rather than – as we expect – cut to 6.25 percent. They may also be spooked by the rand’s recent weakness.”
In the first quarter, retail sales underwhelmed, as did the manufacturing, mining and agriculture sectors.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: