South Africa's retail trade went up 2.4 percent year-on-year in June 2019, after an upwardly revised 2.3 percent growth in the previous month and slightly above market expectations of a 2.3 percent rise. The largest annual increases were recorded for: other retailers (5.7 percent vs -1.4 percent in May); household furniture, appliances and equipment (5.2 percent vs 2.9 percent) and textiles, clothing, footwear and leather goods (4.8 percent vs 1.3 percent). In contrast, sales decreased for hardware, paint & glass (-0.7 percent vs 0.3 percent) and food, beverages & tobacco (-0.1 percent vs 2.3 percent). On a seasonally adjusted monthly basis, retail sales went up 0.3 percent, following a 0.1 percent increase in the prior month. Retail Sales YoY in South Africa averaged 4.44 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 1.80 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 2.30 in 12 months time. In the long-term, the South Africa Retail Sales YoY is projected to trend around 2.10 percent in 2020, according to our econometric models.

South Africa Retail Sales YoY
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-15 11:00 AM Retail Sales YoY Mar 0.2% 1.4% 0.6% 1.5%
2019-06-12 11:00 AM Retail Sales YoY Apr 2.4% 0.1% 1.2% 1.7%
2019-07-17 11:00 AM Retail Sales YoY May 2.2% 2.7% 1.6% 1.6%
2019-08-14 11:00 AM Retail Sales YoY Jun 2.4% 2.3% 2.3% 2.4%
2019-09-18 11:00 AM Retail Sales YoY Jul 2.4% 2.3%
2019-10-16 11:00 AM Retail Sales YoY Aug 2.6%
2019-11-13 11:00 AM Retail Sales YoY Sep 1.8%


South Africa Consumer Last Previous Highest Lowest Unit
Consumer Confidence 5.00 2.00 26.00 -33.00 Index Points [+]
Retail Sales MoM 0.30 0.10 4.60 -5.10 percent [+]
Retail Sales YoY 2.40 2.30 15.50 -6.30 percent [+]
Consumer Spending 1946237.00 1950359.00 1950359.00 260612.00 ZAR Million [+]
Disposable Personal Income 2994423.00 2978037.00 2994423.00 3520.00 ZAR Million [+]
Personal Savings -0.10 -0.50 23.80 -2.50 percent [+]
Private Sector Credit 6.91 7.66 35.88 -2.35 percent [+]
Bank Lending Rate 10.00 10.00 25.50 5.50 percent [+]
Gasoline Prices 1.11 1.19 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.30 15.50 -6.30 2003 - 2019 percent Monthly
Constant Prices 2015




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