South Africa’s retail trade went down by 0.6% from a year earlier in September of 2022, after an upwardly revised 2.1% rise in the previous month and defying market forecasts of a 1% increase. Sales fell primarily for food, beverages and tobacco (-8.1% vs -5.6% in August); hardware, paint and glass (-8% vs -9.7%) and pharmaceuticals and medical goods, cosmetics and toiletries (-4.9% vs -2.3%). On a monthly basis, retail trade rose by just 0.1% in September, following a downwardly revised 1.3% decrease in the previous month. source: Statistics South Africa

Retail Sales YoY in South Africa averaged 3.98 percent from 2003 until 2022, 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 December of 2022.

Retail Sales YoY in South Africa is expected to be 2.10 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 2023 and 1.80 percent in 2024, according to our econometric models.

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South Africa Retail Sales YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-10-19 11:00 AM Aug 2% 8.9% 4.2% 4%
2022-11-16 11:00 AM Sep -0.6% 2.1% 1% 1.4%
2022-12-14 11:00 AM Oct -0.6%


Related Last Previous Unit Reference
Retail Sales MoM 0.10 -1.30 percent Sep 2022
Retail Sales YoY -0.60 2.10 percent Sep 2022
Personal Savings 0.20 0.30 percent Jun 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
-0.60 2.10 95.10 -49.90 2003 - 2022 percent Monthly
Constant Prices 2015

News Stream
South Africa Retail Sales Unexpectedly Fall in September
South Africa’s retail trade went down by 0.6% from a year earlier in September of 2022, after an upwardly revised 2.1% rise in the previous month and defying market forecasts of a 1% increase. Sales fell primarily for food, beverages and tobacco (-8.1% vs -5.6% in August); hardware, paint and glass (-8% vs -9.7%) and pharmaceuticals and medical goods, cosmetics and toiletries (-4.9% vs -2.3%). On a monthly basis, retail trade rose by just 0.1% in September, following a downwardly revised 1.3% decrease in the previous month.
2022-11-16
South Africa Retail Sales Growth Below Forecasts
South Africa’s retail trade rose by 2% from a year earlier in August of 2022, after an upwardly revised 8.9% jump in the previous month and below market forecasts of a 4.2% rise. Sales advanced at a slower pace for general dealers (6.4% vs 8.8% in July); textiles, clothing, footwear and leather goods (4.8% vs 14%); household furniture, appliances and equipment (2.7% vs 8.8%) and all other retailers (1% vs 3.2%). Additionally, decreases were seen in sales of food, beverages and tobacco (-6.6% vs 28.2%); hardware, paint and glass (-9.4% vs -0.2%) and pharmaceuticals and medical goods, cosmetics and toiletries (-2.4% vs flat reading). On a monthly basis, retail trade fell by 1.8% in August, following a 0.1% decrease in the previous month.
2022-10-19
South Africa Retail Sales Rebound More than Expected
South Africa’s retail trade climbed by 8.6 percent from a year earlier in July of 2022, after a downwardly revised 2.3 percent fall in the previous month and better than market forecasts of an 8.4 percent surge. It was the steepest rise in retail activity since June of 2021, boosted by robust sales of food, beverages and tobacco (28.5 percent vs 4.9 percent in June); textiles, clothing, footwear and leather goods (13.9 percent vs 6.4 percent) and at general dealers (8.2 percent vs -5.5 percent). On a monthly basis, retail trade ticked down by 0.1 percent, following a 0.4 percent decrease in the previous month.
2022-09-14