South Africa's retail trade rose 2.3 percent from a year earlier in February of 2021, recovering from an upwardly revised 3.7 percent fall in the previous month and better than market expectations of a 1.8 percent fall. It was the first gain in retail activity since March of last year, amid the relaxation of the country's lockdown restrictions following a substantial decline in Covid-19 infections. Sales grew mostly for household furniture, appliances and equipment (17.3 percent vs 9.8 percent in January); textiles, clothing, footwear and leather goods (12.3 percent vs 3.6 percent) and food, beverages and tobacco (8 percent vs -32.3 percent).On a seasonally adjusted monthly basis, retail sales surged 6.9 percent, the biggest increase in nine months. source: Statistics South Africa

Retail Sales YoY in South Africa averaged 3.64 percent from 2003 until 2021, 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 May of 2021.

Retail Sales YoY in South Africa is expected to be -5.00 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 3.00 in 12 months time. In the long-term, the South Africa Retail Sales YoY is projected to trend around 2.60 percent in 2022 and 1.80 percent in 2023, according to our econometric models.

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South Africa Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
2.30 -3.70 15.50 -49.90 2003 - 2021 percent Monthly
Constant Prices 2015


Calendar GMT Actual Previous Consensus TEForecast
2021-01-21 09:00 AM Nov -4% -2.3% -2.5% -2%
2021-02-17 11:00 AM Dec -1.3% -4.3% -3.5% -3.7%
2021-03-17 11:00 AM Jan -3.5% -1.2% -2.7% -2.1%
2021-04-14 11:00 AM Feb 2.3% -3.7% -1.8% -1.8%
2021-05-19 11:00 AM Mar 2.3% 1.9% 2.1%
2021-06-17 11:00 AM May
2021-07-14 11:00 AM Apr
2021-08-18 11:00 AM Jun


News Stream
South Africa Retail Sales Unexpectedly Rebound
South Africa's retail trade rose 2.3 percent from a year earlier in February of 2021, recovering from an upwardly revised 3.7 percent fall in the previous month and better than market expectations of a 1.8 percent fall. It was the first gain in retail activity since March of last year, amid the relaxation of the country's lockdown restrictions following a substantial decline in Covid-19 infections. Sales grew mostly for household furniture, appliances and equipment (17.3 percent vs 9.8 percent in January); textiles, clothing, footwear and leather goods (12.3 percent vs 3.6 percent) and food, beverages and tobacco (8 percent vs -32.3 percent).On a seasonally adjusted monthly basis, retail sales surged 6.9 percent, the biggest increase in nine months.
2021-04-14
South Africa Retail Sales Shrink More than Expected
South Africa's retail trade fell 3.5 percent from a year earlier in January of 2021, following a downwardly revised 1.2 percent decrease in the prior month and worse than market expectations of a 2.7 percent slump. It was the 10th successive monthly decline in retail activity, amid the ongoing pandemic crisis. Sales fell significantly for food, beverages and tobacco (-33.6 percent vs -3.8 percent in December); all other retailers (-15.1 percent vs -14.3 percent) and general dealers (-6 percent vs 1.6 percent). On a seasonally adjusted monthly basis, retail sales went down 1.6 percent, the steepest decrease since last April.
2021-03-17
South Africa Retail Trade Falls Less than Expected
South Africa 's retail trade fell 1.3 percent from a year earlier in December of 2020, following an upwardly revised 4.3 percent slump in November and compared with market expectations of a 3.5 percent fall. It was the ninth consecutive month of decreases in retail activity but at the softest pace since April. Sales fell less for all other retailers (-14.1 percent vs -24.2 percent in November) and textiles, clothing, footwear and leather goods (-4 percent vs -5.4 percent). Meantime, sales increased for hardware, paint and glass (8 percent vs 11.5 percent); pharmaceuticals and medical goods, cosmetics and toiletries (3.3 percent vs -0.6 percent) and at general dealers (2.1 percent vs -3.5 percent). In 2020, retail sales plunged 6.9 percent over a year earlier. On a monthly basis, retail sales went down 0.8 percent, after an upwardly revised 2.1 percent rise in the previous month.
2021-02-17
South Africa Retail Sales Fall More than Expected
South Africa's retail trade slumped 4 percent from a year earlier in November of 2020, following an upwardly revised 2.3 percent decrease in the previous month and compared with market expectations of a 2.5 percent fall. It was the eighth consecutive month of decreases in retail activity and at the quickest pace since August. Sales fell for all other retailers (-26.1 percent vs -26.5 percent in October); textiles, clothing, footwear and leather goods (-5.6 percent vs 0.3 percent); food, beverages and tobacco (-2.6 percent vs 4.6 percent) and general dealers (-2.5 percent vs 1 percent). On a monthly basis, retail sales increased 1.8 percent, after an upwardly revised 0.5 percent drop in the previous month.
2021-01-21

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.