Research News South Africa

Retail sales up a measly 0,2% in March

Retail trade sales increased by 0,2% year-on-year in March 2019, according to the latest figures from Stats SA. This was an increase of R85.93bn in March compared to R83.61bn in March 2018.
Retail sales up a measly 0,2% in March

Positive annual growth rates were only recorded for retailers in household furniture, appliances and equipment (1,9%); general dealers (1,8%); and
all ''other'' retailers (1,5%). Sales for food and beverages as well as pharmaceutical retailers were the hardest hit.

The main contributor to the 0,2% increase was general dealers (contributing 0,8 of a percentage point).

Seasonally adjusted retail trade sales decreased by 0,7% in March 2019 compared with February 2019. This followed month-on-month changes of 0,6% in February 2019 and 1,6% in January 2019. In the first quarter of 2019, seasonally adjusted retail trade sales decreased by 0,7% compared with the previous quarter.

Retail trade sales increased by 1,0% in the first quarter of 2019 compared with the first quarter of 2018. The main contributors to this increase were general dealers (1,5% and contributing 0,6 of a percentage point); and retailers in textiles, clothing, footwear and leather goods (1,8% and contributing 0,3 of a percentage point).

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