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StatsSA reports increased retail trade sales in June and Q2:2021

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StatsSA has reported an increase in retail trade sales for June 2021, as well as an overall increase for the second quarter of 2021, compared to quarter two of 2020.

Statistics South Africa (StatsSA) released retail trade sales results on Wednesday, 18 August 2021, reporting that sales increased in June 2021, compared to May 2020. StatsSA confirmed that the South African retail trade sales increased by 10.4 percent year-on-year in June 2021.

According to StatsSA, the largest annual growth rates were recorded for all “other” retailers, with a percentage growth of 34.5 percent; general dealers with 13.1 percent growth, while retailers in food, beverages and tobacco products in specialised stores recorded an 8.2 percent growth. The main contributors to the increase are determined to have been general dealers who contributed 6.1 percentage points, and all “other” retailers who contributed 2.6 percentage points.

Moreover, seasonally adjusted retail trade sales increased by 0.6 percent in June 2021, compared to May of the same year. In the second quarter of 2021, sales are said to have increased by 0.7 percent, compared to the first quarter. Furthermore, retail trade sales increased by 30.7 percent in quarter two, with main contributors reported to be retailers in textiles, clothing, footwear and leather goods at 56.9 percent, contributing 8.9 percentage points. “Other” retailers, on the other hand, are at 115.1 percent, with 6.7 points and general dealers with 10.2 percent and 5.3 points.

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