South Africa's retail trade rose 2.2 percent year-on-year in May 2019, following an upwardly revised 2.7 percent growth in the previous month and beating market expectations of 1.6 percent. The largest annual increases were recorded for: general dealers (4 percent vs 1.8 percent); retailers in household furniture, appliances and equipment (3.2 percent vs 5.8 percent); retailers in pharmaceuticals and medical goods, cosmetics and toiletries (2.9 percent vs 5.1 percent); and retailers in food, beverages and tobacco in specialised stores (2.7 percent vs 0.1 percent). On a seasonally adjusted monthly basis, retail sales edged up 0.1 percent in May, easing from a 1 percent increase in April. Retail Sales YoY in South Africa averaged 4.45 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 1.80 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 2.10 percent in 2020, according to our econometric models.

South Africa Retail Sales YoY
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-17 11:00 AM Retail Sales YoY Feb 1.1% 1.2% 0.6% 0.6%
2019-05-15 11:00 AM Retail Sales YoY Mar 0.2% 1.4% 0.6% 1.5%
2019-06-12 11:00 AM Retail Sales YoY Apr 2.4% 0.1% 1.2% 1.7%
2019-07-17 11:00 AM Retail Sales YoY May 2.2% 2.7% 1.6% 1.6%
2019-08-14 11:00 AM Retail Sales YoY Jun 2.2% 2.8%
2019-09-18 11:00 AM Retail Sales YoY Jul 2.3%
2019-10-16 11:00 AM Retail Sales YoY Aug 2.6%


South Africa Consumer Last Previous Highest Lowest Unit
Consumer Confidence 5.00 2.00 26.00 -33.00 Index Points [+]
Retail Sales MoM 0.10 1.00 4.60 -5.10 percent [+]
Retail Sales YoY 2.20 2.70 15.50 -6.30 percent [+]
Consumer Spending 1946237.00 1950359.00 1950359.00 260612.00 ZAR Million [+]
Disposable Personal Income 2994423.00 2978037.00 2994423.00 3520.00 ZAR Million [+]
Personal Savings -0.10 -0.50 23.80 -2.50 percent [+]
Private Sector Credit 7.66 7.95 35.88 -2.35 percent [+]
Bank Lending Rate 10.00 10.25 25.50 5.50 percent [+]
Gasoline Prices 1.19 1.16 1.44 0.43 USD/Liter [+]
Households Debt To GDP 33.60 33.20 43.90 33.10 percent of GDP [+]
Households Debt To Income 71.90 71.90 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.70 15.50 -6.30 2003 - 2019 percent Monthly
Constant Prices 2015




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