South Africa Retail Sales m/m

Country:
South Africa
ZAR, South African rand
Sector:
Consumer
Low 1.4% 0.0%
1.0%
Last release Importance Actual Forecast
Previous
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The Retail Sales y/y indicator shows a change in South African retail sales for the given month compared to the same month of the previous year. It reflects a change in actual value including VAT.

South Africa's trade industry includes 5 sub-sectors: wholesale, automobile sales, real estate, food and beverages (that is restaurants and catering) and retail. Retail includes resale of products without alteration.

The indicator is calculated based on a monthly survey conducted by Statistics South Africa among nearly 3,000 companies registered as VAT payers. The research sample covers all types of retail enterprises: non-specialized retail points of sale, food and beverage stores, pharmacies, clothes and shoe retailers, furniture and household appliances, equipment, etc. The companies are divided into four categories depending on sales volumes. Based on this, companies from different groups are assigned weights.

The indicator of monthly retail sales is part of the calculation of GDP and its components, which are used for monitoring the state of economy and developing the monetary policy. Also, the received data enable the analysis of comparative effectiveness of the retail industry.

Retail Sales growth indicates an increase in consumer activity and can have a positive impact on rand quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "South Africa Retail Sales m/m" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Mar 2024
1.4%
0.0%
1.0%
Feb 2024
0.4%
-1.7%
-3.2%
Jan 2024
-3.2%
0.0%
1.3%
Dec 2023
1.4%
0.1%
1.1%
Nov 2023
0.4%
-0.8%
-1.4%
Oct 2023
-1.2%
-0.2%
-0.1%
Sep 2023
0.1%
0.2%
0.3%
Aug 2023
0.2%
0.1%
0.4%
Jul 2023
0.0%
-0.5%
0.3%
Jun 2023
0.2%
0.4%
-0.9%
May 2023
-0.7%
0.4%
0.2%
Apr 2023
0.4%
-1.1%
-0.6%
Mar 2023
-0.7%
0.5%
-0.3%
Feb 2023
-0.1%
1.0%
1.5%
Jan 2023
1.5%
-1.6%
-0.5%
Dec 2022
-0.6%
0.2%
1.0%
Nov 2022
1.1%
1.7%
0.3%
Oct 2022
0.4%
-2.0%
0.2%
Sep 2022
0.1%
-0.1%
-1.3%
Aug 2022
-1.8%
2.4%
-0.1%
Jul 2022
-0.1%
-2.5%
-0.4%
Jun 2022
-0.4%
-0.4%
-1.2%
May 2022
-1.0%
3.3%
0.6%
Apr 2022
-0.2%
-3.2%
0.8%
Mar 2022
-0.3%
-0.9%
-2.0%
Feb 2022
-0.5%
4.9%
2.3%
Jan 2022
1.5%
-4.7%
1.7%
Dec 2021
1.5%
-2.9%
1.6%
Nov 2021
1.9%
4.4%
-1.3%
Oct 2021
-1.3%
-6.3%
5.1%
Sep 2021
5.1%
-4.4%
4.9%
Aug 2021
4.9%
4.1%
-11.1%
Jul 2021
-11.2%
5.0%
0.7%
Jun 2021
0.6%
6.6%
2.3%
May 2021
2.1%
4.3%
-0.6%
Apr 2021
-0.8%
6.3%
-4.5%
Mar 2021
-3.7%
8.5%
6.9%
Feb 2021
6.9%
5.3%
-2.4%
Jan 2021
-1.6%
8.0%
-0.8%
Dec 2020
-0.8%
10.6%
2.1%
Nov 2020
1.8%
9.6%
-0.5%
Oct 2020
-0.2%
12.9%
1.0%
Sep 2020
1.1%
18.7%
4.0%
Aug 2020
4.0%
1.8%
0.6%
Jul 2020
-1.1%
3.6%
6.6%
Jun 2020
6.4%
71.3%
68.7%
May 2020
74.2%
-0.5%
6.7%
Mar 2020
2.3%
-0.3%
-0.3%
Feb 2020
-0.4%
-0.6%
0.5%
Jan 2020
0.9%
2.0%
-3.2%

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