South Africa: Retail sales Y-on-Y
* indicates monthly or quarterly data series
The most recent value is 2 percent as of July 2024, a decline compared to the previous value of 4.1 percent. Historically, the average for South Africa from January 2003 to July 2024 is 3.62 percent. The minimum of -49.9 percent was recorded in April 2020, while the maximum of 95.1 percent was reached in April 2021.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Statistics South Africa
| Recent values | South Africa: Retail sales Y-on-Y |
|---|---|
| 2024 Jul | 2 |
| 2024 Jun | 4.1 |
| 2024 May | 1.1 |
| 2024 Apr | 0.7 |
| 2024 Mar | 2.3 |
| 2024 Feb | -0.7 |
| 2024 Jan | -2 |
| 2023 Dec | 3.2 |
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Definition: The retail sales Y-on-Y is an aggregated measure of the sales of retail goods over a stated period. Because retail sales are a measure of consumer demand for finished goods, they are a leading macroeconomic indicator of the pulse of an economy and its projected path toward expansion or contraction.
Retail sales Y-on-Y is calculated as the percent change in the Retail sales index from the same month the previous year.
The Retail sales Y-on-Y measures only volume changes, i.e. price level changes are excluded.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | 1.70 | 7/2024 | percent |
| Retail sales Y-on-Y | 2.00 | 7/2024 | percent |
| House price index | 176.71 | Q1/2024 | index points |
| Real residential property prices Y-on-Y change | -4.37 | Q1/2024 | percent |
| Business confidence survey | -24.00 | Q3/2024 | points |
| Consumer confidence survey | -12.00 | Q2/2024 | points |
| Purchasing Managers Index (PMI), composite | 50.50 | 8/2024 | index points |
| Purchasing Managers Index (PMI), manufacturing | 43.60 | 8/2024 | index points |