Wednesday, June 15, 2011

Retailers’ business confidence levels declines

By Lelethu Mquqo
15 June 2011


Retailers’ business confidence levels declined notably during the second quarter of the year.

This is evident in the latest Ernst & Young / Bureau for Economic Research survey.

The percentage of retailers reporting that they are satisfied with prevailing business conditions dropped from 58 to 47 during the period, after peaking at a three year high of 63 during the last quarter of last year.

Because consumer demand has declined, most retailers have been unable to increase their selling prices.

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