South Africa's retail trade slumped 4 percent from a year earlier in November of 2020, following an upwardly revised 2.3 percent decrease in the previous month and compared with market expectations of a 2.5 percent fall. It was the eighth consecutive month of decreases in retail activity and at the quickest pace since August. Sales fell for all other retailers (-26.1 percent vs -26.5 percent in October); textiles, clothing, footwear and leather goods (-5.6 percent vs 0.3 percent); food, beverages and tobacco (-2.6 percent vs 4.6 percent) and general dealers (-2.5 percent vs 1 percent). On a monthly basis, retail sales increased 1.8 percent, after an upwardly revised 0.5 percent drop in the previous month. source: Statistics South Africa
Retail Sales YoY in South Africa averaged 3.71 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 1.20 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 2.00 in 12 months time. In the long-term, the South Africa Retail Sales YoY is projected to trend around 1.80 percent in 2022, according to our econometric models.