Retail sales in South Africa fell 12 percent year-on-year in May of 2020, following a record 50.4 percent plunge in April due to the coronavirus crisis and consequent restrictions imposed since March 27th. Main declines were seen in sales of household furniture, appliances and equipment (-30.1 percent); and food, beverages and tobacco (-29.1 percent). On a monthly basis, retail sales went up 74.2 percent after a 50.7 percent fall in April.
Retail Sales YoY in South Africa averaged 3.94 percent from 2003 until 2020, reaching an all time high of 15.50 percent in September of 2006 and a record low of -50.40 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 August of 2020. source: Statistics South Africa
Retail Sales YoY in South Africa is expected to be 0.90 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 2.50 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.