While retail sales growth slowed in the first quarter of 2007, the decline was much less than expected, resulting in business confidence among retailers showing only a marginal decline.
This was the finding of the latest Bureau for Economic Research (BER) Retail Survey, released on Monday. The survey was conducted between February 6 and March 6.
According to the survey, sales volume growth is expected to stabilise during the second quarter of the year.
Read more at FIN24.co.za
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