South Africa's retail trade shrank 1.8 percent from a year earlier in October of 2020, following a downwardly revised 2.4 percent decline in September and compared with market expectations of a 2.7 percent slump. It was the seventh consecutive month of decreases in retail activity but at the softest pace in the current sequence that began in April, helped by the further easing of coronavirus restrictions. Declines in sales at all other retailers (-25 percent vs -27.2 percent) and pharmaceuticals, medical goods & cosmetics (-5.4 percent vs -4 percent) were offset by increases in those of textiles, clothing, footwear & leather goods (3.8 percent vs -7.1 percent) and household furniture, appliances & equipment (6.4 percent vs 7.7 percent). On a seasonally adjusted monthly basis, retail sales went down 0.2 percent, for the first time since April, after a downwardly revised 1 percent increase in the previous month. source: Statistics South Africa

Retail Sales YoY in South Africa averaged 3.74 percent from 2003 until 2020, 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 January of 2021.

Retail Sales YoY in South Africa is expected to be 0.60 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 1.70 in 12 months time. In the long-term, the South Africa Retail Sales YoY is projected to trend around 2.00 percent in 2021 and 1.80 percent in 2022, according to our econometric models.

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South Africa Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
-1.80 -2.40 15.50 -49.90 2003 - 2020 percent Monthly
Constant Prices 2015


Calendar GMT Actual Previous Consensus TEForecast
2020-09-16 11:00 AM Jul -9% -7.2% -5% -3.8%
2020-10-14 11:00 AM Aug -4.2% -8.6% -4.5%
2020-11-18 11:00 AM Sep -2.7% -4.1% -2.2%
2020-12-09 11:00 AM Oct -1.8% -2.4% -2.7% -2.3%
2021-01-21 11:00 AM Nov -1.8% -3.9% -0.7%
2021-02-17 11:00 AM Dec
2021-03-17 11:00 AM Jan
2021-04-16 11:00 AM Feb


News Stream
South Africa Retail Sales Fall Less than Expected
South Africa's retail trade shrank 1.8 percent from a year earlier in October of 2020, following a downwardly revised 2.4 percent decline in September and compared with market expectations of a 2.7 percent slump. It was the seventh consecutive month of decreases in retail activity but at the softest pace in the current sequence that began in April, helped by the further easing of coronavirus restrictions. Declines in sales at all other retailers (-25 percent vs -27.2 percent) and pharmaceuticals, medical goods & cosmetics (-5.4 percent vs -4 percent) were offset by increases in those of textiles, clothing, footwear & leather goods (3.8 percent vs -7.1 percent) and household furniture, appliances & equipment (6.4 percent vs 7.7 percent). On a seasonally adjusted monthly basis, retail sales went down 0.2 percent, for the first time since April, after a downwardly revised 1 percent increase in the previous month.
2020-12-09
South Africa Retail Sales Fall Less in September
South Africa's retail trade shrank 2.7 percent from a year earlier in September of 2020, following a downwardly revised 4.1 percent decline in the previous month. It was the sixth consecutive month of decreases in retail activity but at the softest pace in the current sequence that began in April, amid the further relaxation in lockdown restrictions. Declines in sales of textiles, clothing, footwear & leather goods (-7.8 percent vs -8.2 percent) and pharmaceuticals, medical goods & cosmetics (-4.1 percent vs 11.4 percent) were partly offset by increases in those at general dealers (1.6 percent vs -1.7 percent in August) and food, beverages & tobacco (2.6 percent vs -6.3 percent). On a seasonally adjusted monthly basis, retail sales grew 1.1 percent, decelerating sharply from a 4 percent rise in the previous month.
2020-11-18
South Africa Retail Sales Fall Less in August
South Africa's retail trade went down 4.2% from a year earlier in August of 2020, following a downwardly revised 8.6% slump in July and a 49.9% tumble in April. It was the fifth consecutive month of decreases in retail activity but at the softest pace in the current sequence, amid the further easing in lockdown restrictions. Sales fell less for food, beverages and tobacco (-5% vs -17.4% in July); general dealers (-1.5% vs -2.8%); textiles, clothing, footwear and leather goods (-10.2% vs -13.3%) and all other retailers (-32.3% vs -39.3%). On a seasonally adjusted monthly basis, retail sales grew 4%, after a revised 0.6% increase in the previous month.
2020-10-14
South Africa Retail Sales Fall More than Expected
South Africa's retail trade slumped 9 percent from a year earlier in July of 2020, following a downwardly revised 7.2 percent fall in June and a 49.9 percent tumble reported in April. The reading came worst than market expectations of a 5 percent decline, suggesting that the economic recovery will be slow. Sales continued to fall for all other retailers (-39.1 percent vs -45.5 percent in June); textiles, clothing, footwear & leather goods (-13.8 percent vs -6.7 percent); food, beverages & tobacco (-18.4 percent vs -12.1 percent) and general dealers (-3.2 percent vs -1.1 percent). On a seasonally adjusted monthly basis, retail sales shrank 1.1 percent, after an upwardly revised 6.6 percent rise in the previous month.
2020-09-16

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.