Stats SA reports that South Africa's retail trade sales increased by 1.8% year-on-year in October 2021.
Source: Reuters/Siphiwe Sibeko
The main contributors to this increase were retailers in: pharmaceuticals and medical goods, cosmetics and toiletries (14.8% and contributing 1.1 percentage points); and textiles, clothing, footwear and leather goods (6.2% and contributing 1.0 percentage point).
Seasonally adjusted retail trade sales decreased by 1.3% in October 2021 compared with September 2021. This followed month-on-month changes of 5.1% in September 2021 and 4.9% in August 2021. In the three months ended October 2021, seasonally adjusted retail trade sales decreased by 0.1% compared with the previous three months.
Retail trade sales increased by 0.8% in the three months ended October 2021 compared with the three months ended October 2020. The main positive contributor to this increase was retailers in textiles, clothing, footwear and leather goods (7.6% and contributing 1.1 percentage points).
The main negative contributor was general dealers (-1.1% and contributing -0.5 of a percentage point).