South Africa's retail trade grew 15.8 percent from a year earlier in May of 2021, following a revised record 95.7 percent jump in April and beating market expectations of a 12.2 percent rise. On a monthly basis, retail sales advanced 2.1 percent, reversing a downwardly revised 0.6 percent decrease in the previous month. source: Statistics South Africa
Retail Sales YoY in South Africa averaged 4.09 percent from 2003 until 2021, reaching an all time high of 95.80 percent in April of 2021 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 July of 2021.
Retail Sales YoY in South Africa is expected to be 3.00 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 2.30 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.