SRA Webinar - Uncover Consumer Demand with Retail Analytics
The retail landscape is changing. Digital trends have been accelerated, with e-commerce spend... More
SRA's Calendar of Events 2020
We’re busy here at SRA! Stay up to date with our events calendar,... More
SRA Training Programme 2020
Tap on this series of short, industry-relevant courses to equip your team to better... More
Training is the Essence to Transformation
The world of work is changing fast, with emerging new technologies and increased... More
Are you on GoSpree yet?
Reach out to nearly 60,000 members and start driving incremental traffic to your... More
Retail Sales for August 2020
Retail sales decreased 5.7% in August 2020 on a year-on-year basis, an improvement from the 8.5% year-on-year decline recorded in July 2020, due mainly to Motor Vehicles which saw strong demand for both new and used cars. Excluding motor vehicles, retail sales fell 8.4% in August 2020, compared to the 7.7% decline in July 2020. Compared to the previous month, seasonally adjusted retail sales increased 1.4% in August 2020.
Excluding motor vehicles, seasonally adjusted retail sales increased marginally by 0.1%. The estimated total retail sales value in August 2020 was about $3.4 billion. Of these, online retail sales made up an estimated 10.9%. Online retail sales of the Computer & Telecommunications Equipment, Furniture & Household Equipment and Supermarkets & Hypermarkets industries made up 46.7%, 23.5% and 11.7% of the total sales of their respective industry.