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.

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South Africa Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
15.80 95.70 95.70 -49.90 2003 - 2021 percent Monthly
Constant Prices 2015


Calendar GMT Actual Previous Consensus TEForecast
2021-04-14 11:00 AM Feb 2.3% -3.7% -1.8% -1.8%
2021-05-19 11:00 AM Mar -2.5% 2.2% 1.9% 2.1%
2021-06-17 11:00 AM Apr 95.8% -2.3% 99.7% 85%
2021-07-14 11:00 AM May 15.8% 95.7% 12.2% 16%
2021-08-18 11:00 AM Jun 15.8% 6%
2021-09-15 11:00 AM Jul
2021-10-13 11:00 AM Aug
2021-11-17 11:00 AM Sep 3%


News Stream
South Africa Retail Sales Rise More than Expected
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. The largest increases were recorded for "all other retailers" (87.7 percent); food, beverages and tobacco in specialized stores (54.2 percent) and household furniture, appliances and equipment (52.3 percent). On a monthly basis, retail sales advanced 2.1 percent, reversing a downwardly revised 0.6 percent decrease in the previous month.
2021-07-14
South Africa Retail Sales Rise at Record Pace
South Africa's retail trade jumped 95.8 percent from a year earlier in April of 2021, following a downwardly revised 2.3 percent fall in March and below market expectations of a 99.7 percent rise. It was the strongest increase in retail activity on record, largely attributed to a low base effect from last year's strict lockdown measures which affected non-essential retailers. Main positive contributions came from sales of textiles, clothing, footwear and leather goods (1675.6 percent); hardware, paint and glass (814.4 percent); household furniture, appliances and equipment (737.6 percent) and "all other retailers" (677.8 percent). On a seasonally adjusted monthly basis, retail sales went down 0.8 percent, after an upwardly revised 4.5 percent decline in the previous month.
2021-06-17
South Africa Retail Sales Unexpectedly Fall in April
South Africa's retail trade slumped 2.5 percent from a year earlier in April of 2021, following a downwardly revised 2.2 percent rise in March and surprising markets that expected a 1.9 percent gain. Main negative contributions came from "all other retailers" (-18.5 percent vs -21.2 percent in March); retailers in pharmaceuticals and medical goods, cosmetics and toiletries (-10.7 percent vs -1.6 percent) and general dealers (-9.3 percent vs 3.4 percent). On a seasonally adjusted monthly basis, retail sales fell 3.7 percent, the biggest decline since April of 2020, after a 6.9 percent jump in the previous month.
2021-05-19
South Africa Retail Sales Unexpectedly Rebound
South Africa's retail trade rose 2.3 percent from a year earlier in February of 2021, recovering from an upwardly revised 3.7 percent fall in the previous month and better than market expectations of a 1.8 percent fall. It was the first gain in retail activity since March of last year, amid the relaxation of the country's lockdown restrictions following a substantial decline in Covid-19 infections. Sales grew mostly for household furniture, appliances and equipment (17.3 percent vs 9.8 percent in January); textiles, clothing, footwear and leather goods (12.3 percent vs 3.6 percent) and food, beverages and tobacco (8 percent vs -32.3 percent).On a seasonally adjusted monthly basis, retail sales surged 6.9 percent, the biggest increase in nine months.
2021-04-14

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.