South Africa’s retail trade shrank by 0.8% from a year earlier in January 2023, following a downwardly revised 0.5% decrease in the previous month and compared with market estimates of a 2% slump. It was the second consecutive month of declines in retail activity, mostly due to lower sales of food, beverages and tobacco (-7.3% vs -1.8% in December); hardware, paint and glass (-4.8% vs -5.5%); pharmaceuticals and medical goods, cosmetics and toiletries (-2% vs -4.8%). On a monthly basis, retail trade rose by 1.5% in January, the most in a year, after a downwardly revised 0.5% fall in the prior month. source: Statistics South Africa

Retail Sales YoY in South Africa averaged 3.91 percent from 2003 until 2023, reaching an all time high of 95.10 percent in April of 2021 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 March of 2023.

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. In the long-term, the South Africa Retail Sales YoY is projected to trend around 2.00 percent in 2024 and 1.60 percent in 2025, according to our econometric models.

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South Africa Retail Sales YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-02-15 11:00 AM Dec -0.6% 0.8% -0.1% -0.3%
2023-03-15 11:00 AM Jan -0.8% -0.5% -2% -1.6%
2023-04-19 11:00 AM Feb -0.8%


Related Last Previous Unit Reference
Retail Sales MoM 1.50 -0.50 percent Jan 2023
Retail Sales YoY -0.80 -0.50 percent Jan 2023
Personal Savings 0.50 0.30 percent Sep 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.80 -0.50 95.10 -49.90 2003 - 2023 percent Monthly
Constant Prices 2015

News Stream
South Africa Retail Sales Fall Less than Expected
South Africa’s retail trade shrank by 0.8% from a year earlier in January 2023, following a downwardly revised 0.5% decrease in the previous month and compared with market estimates of a 2% slump. It was the second consecutive month of declines in retail activity, mostly due to lower sales of food, beverages and tobacco (-7.3% vs -1.8% in December); hardware, paint and glass (-4.8% vs -5.5%); pharmaceuticals and medical goods, cosmetics and toiletries (-2% vs -4.8%). On a monthly basis, retail trade rose by 1.5% in January, the most in a year, after a downwardly revised 0.5% fall in the prior month.
2023-03-15
South Africa Retail Sales Fall More than Expected
South Africa’s retail trade shrank by 0.6% from a year earlier in December 2022, following an upwardly revised 0.8% rise in the previous month and worse than market forecasts of a 0.1% fall. The largest negative contributors to this decrease were retailers in pharmaceuticals and medical goods, cosmetics and toiletries (-5.2% vs -5.3% in December) and hardware, paint and glass (-3.9% vs -5.9%). Sales also fell significantly for household furniture, appliances and equipment (-2.2% vs 5.6%) and food, beverages and tobacco (-1.1% vs -4.4%) and all other retailers (-2% vs 1.5%). Retailers across the country are facing recurrent power cuts, with costs rising sharply as they seek alternatives to keep businesses open. On a monthly basis, retail trade decreased by 0.6%, after a downwardly revised 1% rise in the prior month. In 2022, retail trade sales increased by 1.7% compared with 2021.
2023-02-15
South Africa Retail Sales Unexpectedly Rebound in November
South Africa’s retail trade rose by 0.4% from a year earlier in November of 2022, following an upwardly revised 0.7% decrease in the previous month and better than market forecasts of a 0.2% fall. It follows two straight months of declines, with Black Friday discounts boosting sales of household furniture, appliances and equipment (6% vs 1.7% in October) and textiles, clothing, footwear and leather goods (5.9% vs 2.9%). Conversely, sales declined further for hardware, paint and glass (-6.5% vs -5.6%); food, beverages and tobacco in specialized stores (-5.1% vs -2.4%) and pharmaceuticals and medical goods, cosmetics and toiletries (-4.1% vs -3.8%). On a monthly basis, retail trade increased by 1.1% in November, the most in ten months, after a downwardly revised gain in the prior month.
2023-01-18