Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  MasterCard    MA

MASTERCARD (MA)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

MasterCard : Retail sales show resurgence in August

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/06/2017 | 03:04am CET

Nominal retail sales for August 2017 grew a substantial 8.1% versus the same month last year... Adjusting for inflation, volume retail sales for August increased 3.7% year-over-year, representing the strongest monthly growth in over four years. Compared to July 2017, August nominal retail sales grew 2% while inflation-adjusted sales grew at a similar rate of 1.9%.

“August retail sales show an improvement in consumer spending, with South Africans benefiting from a moderation in inflation, and some recovery in industries such as agriculture and mining,” says Sarah Quinlan, senior vice president and group head of market insights for Mastercard.

Over the last 12 months, inflation-adjusted retail sales rose 0.6% in line with GDP growth, which is forecast to increase to 0.7% in 2017.

“With unemployment reported at 27.% in the second quarter, South African consumers are still under pressure. Despite this, they are showing increased resilience as SpendingPulse August 2017 data points to the third month of improving retail sales. A resurgence of consumer spending in South Africa could help spark wider economic growth and encourage businesses and government to also start investing,” she says.

Sector performance

Looking at specific retail sectors, General Dealer nominal sales grew 10.5% for the month versus August 2016, with inflation-adjusted sales rising by 2.7% for the same period.

“August sales in the General Dealer segment have shown the highest growth since November 2015, indicating that consumers are slowly starting to increase their spending on essentials such as food and household items,” says Quinlan.

While Pharmaceutical, Medical Goods, Cosmetic and Toiletry sales in August declined compared to July 2017, August year-over-year nominal sales did show positive growth of 7.6%, with inflation-adjusted figures growing by a slight 0.4%.

Mastercard SpendingPulse South Africa reports on national retail sales and uses aggregated and anonymous Mastercard transaction data, coupled with survey-based estimates for other payment forms including cash and cheque.

(c) All rights reserved. 2017. Bizcommunity.com Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MASTERCARD
11/17 MASTERCARD : The BT Broadband Black Friday deals have arrived and they're strong
11/17 MASTERCARD : Red Balloon pays penalty for excessive payment surcharges
11/17 MASTERCARD : mulls participation in Egypt’s national projects
11/17 MASTERCARD : Uber and Mastercard announce first-of-its-kind regional partnership
11/17 MASTERCARD : collaborates with London & Partners to deliver personalised experie..
11/16 MASTERCARD : Nigeria's Vice President and Mastercard President and CEO Discuss R..
11/16 MASTERCARD : Osinbajo, Mastercard Discuss Technology Development in Nigeria
11/15 MASTERCARD : 4.6m government employees withdraw their salaries from ATM- Masterc..
11/15 SEAMLESS DISTRIBUTION : Interim report, third quarter of 2017
11/14 MASTERCARD : Vocalink Powers Real-Time Payments Service in the U.S.
More news
News from SeekingAlpha
11/17 PAYPAL : The Growth Is Not Finished
11/17 40 Dividend Stocks Battling Into 2018
11/17 DIVIDEND CHALLENGERS (AND NEAR-CHALL : 58 Increases Expected By The End Of Janua..
11/16 ONE YEAR LATER : Has American Express Recovered From Losing Costco?
11/15 Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q3 2017 Update
Financials ($)
Sales 2017 12 448 M
EBIT 2017 6 803 M
Net income 2017 4 872 M
Finance 2017 1 065 M
Yield 2017 0,61%
P/E ratio 2017 32,77
P/E ratio 2018 27,87
EV / Sales 2017 12,6x
EV / Sales 2018 11,2x
Capitalization 158 B
Chart MASTERCARD
Duration : Period :
MasterCard Technical Analysis Chart | MA | US57636Q1040 | 4-Traders
Technical analysis trends MASTERCARD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 40
Average target price 160 $
Spread / Average Target 7,4%
EPS Revisions
Managers
NameTitle
Ajay Banga President, Chief Executive Officer & Director
Richard Neil Haythornthwaite Chairman
Edward McLaughlin President-Operations & Technology
Martina Hund-Mejean Chief Financial Officer
Silvio Barzi Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
MASTERCARD44.33%157 762
VISA41.31%253 877
PAYPAL HOLDINGS86.04%93 388
PALO ALTO NETWORKS INC10.52%12 757
MIMECAST LTD66.15%1 743
XIAMEN MEIYA PICO INFORMATION CO LTD--.--%1 475