South Africa's retail trade rose 2.3 percent from a year earlier in February of 2021, recovering from an upwardly revised 3.7 percent fall in the previous month and better than market expectations of a 1.8 percent fall. It was the first gain in retail activity since March of last year, amid the relaxation of the country's lockdown restrictions following a substantial decline in Covid-19 infections. Sales grew mostly for household furniture, appliances and equipment (17.3 percent vs 9.8 percent in January); textiles, clothing, footwear and leather goods (12.3 percent vs 3.6 percent) and food, beverages and tobacco (8 percent vs -32.3 percent).On a seasonally adjusted monthly basis, retail sales surged 6.9 percent, the biggest increase in nine months. source: Statistics South Africa
Retail Sales YoY in South Africa averaged 3.64 percent from 2003 until 2021, reaching an all time high of 15.50 percent in September of 2006 and a record low of -49.90 percent in April of 2020. This page provides - South Africa Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Retail Sales YoY in South Africa is expected to be -5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in South Africa to stand at 3.00 in 12 months time. In the long-term, the South Africa Retail Sales YoY is projected to trend around 2.60 percent in 2022 and 1.80 percent in 2023, according to our econometric models.