Retail Sales in South Africa decreased 0.90 percent in August of 2019 over the previous month. Retail Sales MoM in South Africa averaged 0.34 percent from 2002 until 2019, reaching an all time high of 4.70 percent in June of 2012 and a record low of -5.20 percent in May of 2011.
Retail Sales MoM in South Africa is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in South Africa to stand at 0.70 in 12 months time. In the long-term, the South Africa Retail Sales MoM is projected to trend around 0.70 percent in 2020, according to our econometric models.