# FNB senior economist, Siphamandla Mkhwanazi says stronger balance sheets and purchasing power should support retail sales in the near term. He says retail sales showed a strong performance in July, registering 5.6-percent growth year-on-year, up from 1.7-percent in June. Mkwanazi says this marks the 17th consecutive month of positive year-on-year growth and significantly exceeds market expectations of 2.7-percent growth:
FNB economist says purchasing power should support retail sales in the near term [SOUND]
ENG SiphamandlaonRetailSales