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. source: Statistics South Africa
Retail Sales YoY in South Africa averaged 4.01 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 June of 2022.
Retail Sales YoY in South Africa is expected to be 3.10 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.