South Africa: Retail sales Y-on-Y
* indicates monthly or quarterly data series
| South Africa |
Retail sales Y-on-Y |
|---|---|
| Latest value | -1.6 |
| Reference | March 2023 |
| Measure | percent |
| Source | Statistics South Africa |
For that indicator, we provide data for South Africa from January 2003 to March 2023. The average value for South Africa during that period was 3.87 percent with a minimum of -49.9 percent in April 2020 and a maximum of 95.1 percent in April 2021.
Click on the following link to see the values of Retail sales Y-on-Y around the world.
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* indicates monthly or quarterly data series
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Measure: percent
Source: Statistics South Africa
Source: Statistics South Africa
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.