Retail sales in South Africa rose 1.2 percent year-on-year in January 2019, following an upwardly revised 1.6 percent fall in December and slightly above market expectations of a 1.1 percent gain. Sales rebounded for: general dealers (1.1 percent vs -1.9 percent in December); pharmaceuticals goods & cosmetics (6 percent vs -3.1 percent) and textiles, clothing, footwear and leather goods (1.1 percent vs -2 percent). Additionally, sales went up faster for household furniture, appliances and equipment (1.1 percent vs 0.2 percent) and all other retailers (3 percent vs 1.6 percent). In contrast, lower sales were seen for food, beverages & tobacco (-2.1 percent vs -2.2 percent) and hardware, paint and glass (-3 percent vs -3.4 percent). On a seasonally adjusted monthly basis, retail sales increased 1.5 percent, after an upwardly revised 5.1 percent decline in the prior month Retail Sales YoY in South Africa averaged 4.44 percent from 2003 until 2019, 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.

Retail Sales YoY in South Africa is expected to be 1.60 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 2.10 in 12 months time. In the long-term, the South Africa Retail Sales YoY is projected to trend around 2.20 percent in 2020, according to our econometric models.

South Africa Retail Sales YoY
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-12-12 11:00 AM Retail Sales YoY 2.2% 0.6% 1.8% 1.8%
2019-01-16 11:00 AM Retail Sales YoY 3.1% 2.1% 2.5% 1.5%
2019-02-13 11:00 AM Retail Sales YoY -1.4% 2.9% 2.7% 2.5%
2019-03-20 11:00 AM Retail Sales YoY 1.2% -1.6% 1.1% 0.7%
2019-04-17 11:00 AM Retail Sales YoY 1.2% -1.2%
2019-05-15 11:00 AM Retail Sales YoY 1.6%
2019-06-12 11:00 AM Retail Sales YoY


South Africa Consumer Last Previous Highest Lowest Unit
Consumer Confidence 7.00 7.00 26.00 -33.00 Index Points [+]
Retail Sales MoM 1.50 -5.10 4.60 -5.20 percent [+]
Retail Sales YoY 1.20 -1.40 15.50 -6.30 percent [+]
Consumer Spending 1950359.00 1935067.00 1950359.00 260612.00 ZAR Million [+]
Disposable Personal Income 2965713.00 2911510.00 2965713.00 3393.00 ZAR Million [+]
Personal Savings 0.20 0.40 23.80 -2.70 percent [+]
Private Sector Credit 6.51 5.10 35.88 -2.35 percent [+]
Bank Lending Rate 10.25 10.25 25.50 5.50 percent [+]
Gasoline Prices 1.02 1.03 1.44 0.43 USD/Liter [+]
Households Debt To GDP 33.00 33.00 43.90 33.00 percent of GDP [+]
Households Debt To Income 71.90 74.40 86.40 40.30 percent [+]
Consumer Confidence Economic Expectations -22.20 -1.00 37.00 -38.00 [+]
Consumer Confidence Financial Expectations 6.40 3.00 30.40 -22.00 [+]
Consumer Confidence Major Purchases Expectations -11.80 -17.00 13.10 -42.00 [+]


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. This page provides - South Africa Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Retail Sales YoY - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 -1.40 15.50 -6.30 2003 - 2019 percent Monthly
Constant Prices 2015




Related

Latest