South Africa's retail trade advanced 2.7 percent year-on-year in March of 2020, following a downwardly revised 1.9 percent increase in the previous month. It was the sharpest rise in retail activity since April of last year, as the country's strict coronavirus lockdown was introduced only on March 27th. Sales grew mostly for pharmaceuticals and medical goods, cosmetics & toiletries (13.9 percent vs -2.1 percent in February) and at general dealers (11.6 percent vs 0.7 percent). Meanwhile, those of food, beverages & tobacco slowed sharply (0.1 percent vs 1.1 percent). On the other hand, sales plunged for textiles, clothing, footwear & leather goods (-14.3 percent vs 1.7 percent) and furnishings (-10 percent vs 5 percent). On a seasonally adjusted monthly basis, retail sales rose 2.3 percent, the most since November of 2017, reversing a downwardly revised 0.3 percent fall in the previous month.
Retail Sales YoY in South Africa averaged 4.29 percent from 2003 until 2020, 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. 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 2020. source: Statistics South Africa
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 1.20 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.