South Africa’s retail trade increased by just 0.1 percent from a year earlier in May of 2022, following an upwardly revised 4.3 percent rise in the previous month and defying market estimates of a 1.5 percent advance. It was the smallest gain in retail activity since February, with consumers coming under heavy pressure from higher interest rates and inflation, notably for food and energy. Sales increased only in 2 out of 7 divisions, namely general dealers (3.7 percent vs 5.2 percent in April) and all other retailers (2.1 percent vs 0.5 percent). On a monthly basis, retail trade fell by 1 percent, compared to a revised 0.6 percent increase in the previous month. source: Statistics South Africa

Retail Sales YoY in South Africa averaged 4 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 August of 2022.

Retail Sales YoY in South Africa is expected to be 1.80 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
2022-06-15 11:00 AM Apr 3.4% 1.7% 1.6% 1.5%
2022-07-13 11:00 AM May 0.1% 4.3% 1.5% 2.6%
2022-08-17 11:00 AM Jun 0.1% 0.4% -0.5%


Related Last Previous Unit Reference
Retail Sales MoM -1.00 0.60 percent May 2022
Retail Sales YoY 0.10 4.30 percent May 2022
Personal Savings 0.30 0.70 percent Mar 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
0.10 4.30 95.10 -49.90 2003 - 2022 percent Monthly
Constant Prices 2015

News Stream
South Africa Retail Sales Growth Misses Forecasts
South Africa’s retail trade increased by just 0.1 percent from a year earlier in May of 2022, following an upwardly revised 4.3 percent rise in the previous month and defying market estimates of a 1.5 percent advance. It was the smallest gain in retail activity since February, with consumers coming under heavy pressure from higher interest rates and inflation, notably for food and energy. Sales increased only in 2 out of 7 divisions, namely general dealers (3.7 percent vs 5.2 percent in April) and all other retailers (2.1 percent vs 0.5 percent). On a monthly basis, retail trade fell by 1 percent, compared to a revised 0.6 percent increase in the previous month.
2022-07-13
South Africa Retail Sales Growth Beats Forecasts
South Africa’s retail trade advanced by 3.4 percent from a year earlier in April of 2022, following an upwardly revised 1.7 percent rise in the previous month and beating market estimates of a 1.6 percent increase. The current reading marked the strongest growth in retail activity since January. The largest positive annual growth rates were recorded for sales of household furniture, appliances and equipment (+6.8 percent); textiles, clothing, footwear and leather goods (+6.4 percent); and general dealers (+5.4 percent). On a monthly basis, retail trade fell 0.2 percent, compared to an upwardly revised 0.8 percent rise in the previous month. Considering the first four month sof 2022, retail sales grew 2.9 percent.
2022-06-15
South Africa Retail Trade Rebounds More than Expected
South Africa’s retail trade rose by 1.3 percent from a year earlier in March of 2022, compared with a 0.9 percent fall in the previous month and better than market estimates of a 1.5 percent increase. The largest positive annual growth rates were recorded for sales of pharmaceuticals and medical goods, cosmetics and toiletries (6.2 percent); household furniture, appliances and equipment (5.5 percent) and all other retailers (3.5 percent). On a monthly basis, retail trade went down 0.3 percent, after an upwardly revised 2 percent decline in the previous month.
2022-05-18