South Africa's retail sales rose 2.6 percent year-on-year in November 2019, following an upwardly revised 0.4 percent increase in October and beating market expectations of a 1.5 percent gain. It was the strongest rise in retail activity since April, likely influenced by Black Friday discounts. Higher sales were recorded mostly for food, beverages & tobacco (6.2 percent vs 4.8 percent in October); general dealers (3.2 percent vs 0.7 percent); household furniture, appliances and equipment (3.2 percent vs 3.0 percent) and textiles, clothing, footwear & leather goods (2.7 percent vs -0.6 percent). Conversely, pharmaceuticals and medical goods, cosmetics & toiletries was the only category posting a decrease (-1.9 percent vs -0.6 percent). On a seasonally adjusted monthly basis, retail sales advanced 3.1 percent, after a revised 0.1 percent gain in the previous month.
Retail Sales YoY in South Africa averaged 4.34 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. This page provides - South Africa Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics South Africa
Retail Sales YoY in South Africa is expected to be 0.30 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 0.60 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.