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But, on a slightly more positive note, retail sales improved slightly to an annual growth rate of 1.5% in April.

Retail sales were soft, consumer confidence dipped, and inflation moderated to a rate of 1.9%.Turn challenge into opportunity Welcome to 2016, where a whole new Lifestyle awaits Steer your investments in a rate hiking cycle Let us help you with your Tax Clearance application for foreign investment Money Maximiser - Get a money market fund rate without the risk Define your appetite for property investment Enjoy effortless global transacting with the FNB Banking App Global equity markets edged ahead marginally in June.Bond yields continued to drift lower over the period against a backdrop of economic indicators that exhibited a slightly softer bias.Retail sales growth was also unchanged at 10.7% year-on-year for May.In Japan, the flash PMI hit a seven-month low of 52.0 in June from 53.1 in May.

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