Retail sales in South Africa increased 2.4% year-on-year in April 2019, following a downwardly revised 0.1 percent gain in March and beating market expectations of a 1.2 percent rise. It was the strongest gain in retail trade since November, boosted by sales of pharmaceuticals and medical goods, cosmetics & toiletries (5.3% vs -4.3% in March); textiles, clothing, footwear & leather goods (6.4% vs -1.6%); household furniture, appliances & equipment (4.6% vs -0.3%) and all other retailers (2.3% vs 0.7%). Meantime, sales of food, beverages & tobacco showed no growth (vs -2.4% in March) while those of hardware, paint and glass fell (-2.3% vs -0.3%). On a seasonally adjusted monthly basis, retail sales advanced 0.8 percent, recovering from a 0.7 percent decrease in the previous month. Retail Sales YoY in South Africa averaged 4.39 percent from 2003 until 2019, reaching an all time high of 15.50 percent in September of 2006 and a record low of -6.30 percent in April of 2009.

Retail Sales YoY in South Africa is expected to be 1.70 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 2.40 in 12 months time. In the long-term, the South Africa Retail Sales YoY is projected to trend around 2.20 percent in 2020, according to our econometric models.

South Africa Retail Sales YoY
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-20 11:00 AM Retail Sales YoY 1.2% -1.6% 1.1% 0.7%
2019-04-17 11:00 AM Retail Sales YoY 1.1% 1.2% 0.6% 0.6%
2019-05-15 11:00 AM Retail Sales YoY 0.2% 1.4% 0.6% 1.5%
2019-06-12 11:00 AM Retail Sales YoY 2.4% 0.1% 1.2% 1.7%
2019-07-17 11:00 AM Retail Sales YoY 2.4%
2019-08-14 11:00 AM Retail Sales YoY 1.7%
2019-09-18 11:00 AM Retail Sales YoY


South Africa Consumer Last Previous Highest Lowest Unit
Consumer Confidence 5.00 2.00 26.00 -33.00 Index Points [+]
Retail Sales MoM 0.80 -0.70 4.60 -5.10 percent [+]
Retail Sales YoY 2.40 0.10 15.50 -6.30 percent [+]
Consumer Spending 1946237.00 1950359.00 1950359.00 260612.00 ZAR Million [+]
Disposable Personal Income 2978037.00 2965713.00 2978037.00 3393.00 ZAR Million [+]
Personal Savings -0.50 0.20 23.80 -2.70 percent [+]
Private Sector Credit 7.95 6.04 35.88 -2.35 percent [+]
Bank Lending Rate 10.25 10.25 25.50 5.50 percent [+]
Gasoline Prices 1.16 1.13 1.44 0.43 USD/Liter [+]
Households Debt To GDP 33.60 33.20 43.90 33.10 percent of GDP [+]
Households Debt To Income 71.90 71.90 86.40 40.30 percent [+]
Consumer Confidence Economic Expectations -22.20 -1.00 37.00 -38.00 [+]
Consumer Confidence Financial Expectations 6.40 3.00 30.40 -22.00 [+]
Consumer Confidence Major Purchases Expectations -11.80 -17.00 13.10 -42.00 [+]


South Africa Retail Sales YoY

In South Africa, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago. This page provides - South Africa Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Retail Sales YoY - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.40 0.10 15.50 -6.30 2003 - 2019 percent Monthly
Constant Prices 2015




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