South Africa's retail sales growth accelerated at a faster-than-expected pace in May, figures from Statistics South Africa showed Wednesday.
Retail sales climbed 1.9 percent year-over-year in May, faster than the 0.5 percent rise in April. That was above the 0.8 percent increase economists had forecast.
Sales of household furniture, appliances and equipment grew 14.4 percent annually in May and those of textiles, clothing, footwear and leather goods rose by 4.1 percent.
On a monthly basis, retail sales increased 1.1 percent from April, when it dropped by 1.1 percent.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.