Release Tuesday, July 24, at 6:45 GMT

Median High Low Responses May Apr
SA mfg spending (% m/m): 1.0 2.7 -0.1 24 -0.5 -0.5
SA mfg spending (% y/y): 2.9 4.6 1.7 24 1.9 3.5

Comments: Most analysts expect a sharp rebound in spending after two months of decline. Adjusted large store sales surged 3.8% on the month and department store sales alone were up 4.5%. New car sales were even stronger.
Despite recent slippage, consumer confidence and buying propensity remain relatively high and households can draw on rising earnings and accumulated savings. Good weather and the launch of summer retail discounts at the end of the month may also have encouraged shopping.