South Africa's retail trade went down 4.2% from a year earlier in August of 2020, following a downwardly revised 8.6% slump in July and a 49.9% tumble in April. It was the fifth consecutive month of decreases in retail activity but at the softest pace in the current sequence, amid the further easing in lockdown restrictions. Sales fell less for food, beverages and tobacco (-5% vs -17.4% in July); general dealers (-1.5% vs -2.8%); textiles, clothing, footwear and leather goods (-10.2% vs -13.3%) and all other retailers (-32.3% vs -39.3%). On a seasonally adjusted monthly basis, retail sales grew 4%, after a revised 0.6% increase in the previous month.
Retail Sales YoY in South Africa averaged 3.80 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 October of 2020. source: Statistics South Africa
Retail Sales YoY in South Africa is expected to be 0.60 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 1.70 in 12 months time. In the long-term, the South Africa Retail Sales YoY is projected to trend around 2.00 percent in 2021 and 1.80 percent in 2022, according to our econometric models.