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.