South Africa

Retail Sales

-0.6
percent change, year-over-year
Jul 03Jul 04Jul 05Jul 06Jul 07Jul 08Jul 09Jul 10Jul 11Jul 12Jul 13Jul 14Jul 15Sep 16Nov 17Jan 19Feb 20Apr 21Sep 22-50.0000.00050.00100.00150.00
  • South Africa
  • Global Median
Source: IMF

Definition of Retail Sales

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.

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