Skip to main content

Retail trade sales up by 1.3% as appliances, clothing show growth

| Economic factors

Retail trade sales for July grew by 1.3% year-on-year in real terms - with appliances and clothing indicating significant growth, Stats SA announced.

The figure was in line with economist projections.

NKC African Economics had forecast a 1.3% year-on-year increase in an earlier note to clients.  

Stats SA said that seasonally adjusted retail trade sales increased by 1.3% in July compared with June 2018. This follows a month-on-month decrease of 1.1% in June and an increase of 1.3% in May.

The biggest decreases over the past year was in the specialised stores category that incorporates food, beverages and tobacco, which fell by 2.2% in July 2018 when compared to July 2017. Additionally, hardware, paint and glass fell by 5.1%.

The household furniture, appliances and equipment category grew by 6.9%, while textiles, clothing, footwear and leather goods grew 3% over July 2018. 

While retail trade sales grew, other recent economic data out of SA has been mostly gloomy.

Earlier on Wednesday the South African Chamber of Commerce and Industry's monthly Business Confidence Index fell to its lowest point this year. On Tuesday, meanwhile, a separate gauge of business confidence released by the Rand Merchant Bank and Stellenbosch University's Bureau for Economic Research came in at its lowest level this year. 

Last week Stats SA reported that the country has slipped into a technical recession for the first time since 2009. 

Manufacturing production volumes, however, increased by an annualised rate of 2.9% in July. 




Pin It

Related Articles

The Beer Association of South Africa (BASA) acknowledges the 2025 Budget Speech delivered during the Budget 3.0 update.
By Gavin Kelly  - CEO of the Road Freight Association The Road Freight Association (RFA) notes the decision by the Minister of Finance to increase the fuel levy by 4% (petrol 16 cents and diesel 15c a litre).
By: Se-Anne Rall - IOL Finance Minister Enoch Godongwana is confident he has charmed his way into the hearts of Parliamentarians and the nation following the delivery of his Budget Speech at the Cape Town ICC on Wednesday (21/05/2025). 
Bt: Siphelele Dludla| - Business Report The latest Absa Merchant Spend Analytics Report for the first quarter of 2025 has unveiled an unexpected trend in consumer behaviour: card spending growth is slowing, even as broader economic indicators show…
By: Ashley Lechman – IOL Business Report The pain continues for millions of South Africans who have battled their way through the past year, despite the cost-of-living crisis that has all but decimated household budgets across income groups, …