South Africa's retail trade shrank 0.8 percent from a year earlier in July of 2021, following an upwardly revised 10.5 percent growth in the previous month. It was the first decrease in retail activity since March, probably due to recent violent events across the country. Sales declined for household furniture, appliances and equipment (-10.2 percent vs -7.7 percent in June); hardware, paint and glass (-6.2 percent vs 3.8 percent); food, beverages and tobacco in specialised stores (-4.1 percent vs 8.5 percent) and at general dealers (-2.6 percent vs 11.9 percent). On a monthly basis, retail sales plunged 11.2 percent, after an upwardly revised 0.7 percent in the previous month. source: Statistics South Africa
Retail Sales YoY in South Africa averaged 4.09 percent from 2003 until 2021, reaching an all time high of 95.70 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 September of 2021.
Retail Sales YoY in South Africa is expected to be 7.20 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 2.10 percent in 2022 and 1.80 percent in 2023, according to our econometric models.