Retail sales in South Africa increased 2.5 percent year-on-year in August of 2018, following an upwardly revised 1.4 percent in July and beating market expectations of a 0.3 percent rise. It was the biggest gain in retail trade since May, as sales advanced further for general dealers (1.7 percent from 0.5 percent in July); textiles, clothing, footwear & leather goods (6.0 percent from 3.1 percent); pharmaceuticals goods & cosmetics (3.1 percent from 2.1 percent) and furniture & household equipment (10.4 percent from 6.8 percent). Also, sales rebounded for food, beverages & tobacco (0.3 percent from -1.9 percent) and declined at a softer pace for hardware, paint & glass (-2.0 percent from -5.1 percent). On the other hand, sales of all other retailers slowed (2.3 percent from 6.3 percent). On a monthly basis, retail trade went up 0.6 percent, easing from a 1.4 percent increase in the previous month. Retail Sales YoY in South Africa averaged 4.53 percent from 2003 until 2018, 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.

South Africa Retail Sales YoY
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-15 11:00 AM Retail Sales YoY 0.7% 1.9% 2% 3.1%
2018-09-12 11:00 AM Retail Sales YoY 1.3% 1.8% 1.3% 1.8%
2018-10-17 11:00 AM Retail Sales YoY 2.5% 1.4% 0.3% 1.6%
2018-11-14 11:00 AM Retail Sales YoY 2.5% 2.2% 1.7%
2018-12-13 11:00 AM Retail Sales YoY 1.8%


South Africa Consumer Last Previous Highest Lowest Unit
Consumer Confidence 22.00 26.00 26.00 -33.00 Index Points [+]
Retail Sales MoM 0.60 1.50 4.70 -5.10 percent [+]
Retail Sales YoY 2.50 1.40 15.50 -6.30 percent [+]
Consumer Spending 1926959.00 1933508.00 1933508.00 260612.00 ZAR Million [+]
Disposable Personal Income 2911510.00 2868646.00 2911510.00 3393.00 ZAR Million [+]
Personal Savings 0.40 -0.20 23.80 -2.70 percent [+]
Private Sector Credit 6.26 6.74 35.88 -2.35 percent [+]
Bank Lending Rate 10.00 10.00 25.50 5.50 percent [+]
Gasoline Prices 1.17 1.14 1.44 0.43 USD/Liter [+]
Households Debt To GDP 33.10 33.10 43.90 33.10 percent of GDP [+]
Households Debt To Income 71.90 74.40 86.40 40.30 percent [+]
Consumer Confidence Economic Expectations -22.20 -1.00 37.00 -38.00 [+]
Consumer Confidence Financial Expectations 6.40 3.00 30.40 -22.00 [+]
Consumer Confidence Major Purchases Expectations -11.80 -17.00 13.10 -42.00 [+]


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. This page provides - South Africa Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Retail Sales YoY - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 1.40 15.50 -6.30 2003 - 2018 percent Monthly
Constant Prices 2015




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