Retail sales in South Korea rose by 0.3 percent year-on-year in August of 2020, the least in four months, following a 0.5 percent gain in the previous month. Still, consumption of durables rose faster (13.2 percent vs 10.2 percent). On a monthly basis, retail sales rebounded by 3.0 percent in August, after a 6.0 percent drop in the prior month. source: Statistics Korea

Retail Sales YoY in South Korea averaged 3.78 percent from 1996 until 2020, reaching an all time high of 20.20 percent in May of 2000 and a record low of -21.50 percent in July of 1998. This page provides - South Korea Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Retail Sales YoY in South Korea is expected to be 3.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in South Korea to stand at 5.00 in 12 months time. In the long-term, the South Korea Retail Sales YoY is projected to trend around 5.00 percent in 2021 and 6.00 percent in 2022, according to our econometric models.

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South Korea Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.50 20.20 -21.50 1996 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-29 11:00 PM May 1.7% -2.2% -1.4%
2020-07-30 11:00 PM Jun 6.3% 1.7% 3.5%
2020-08-30 11:00 PM Jul 0.5% 6.3% 5.5%
2020-09-28 11:00 PM Aug 0.3% 0.5% 1.5%
2020-10-29 11:00 PM Sep 0.3% 3.9%
2020-11-29 11:00 PM Oct
2020-12-29 11:00 PM Nov


News Stream
South Korea Retail Sales Rise the Least in 4 Months
Retail sales in South Korea rose by 0.3 percent year-on-year in August of 2020, the least in four months, following a 0.5 percent gain in the previous month. Still, consumption of durables rose faster (13.2 percent vs 10.2 percent). On a monthly basis, retail sales rebounded by 3.0 percent in August, after a 6.0 percent drop in the prior month.
2020-09-28
South Korea Retail Sales Rise the Least in 3 Months
Retail sales in South Korea rose by 0.5 percent year-on-year in July 2020, the least in three months, following a 6.3 percent gain in the previous month, amid a resurgence in COVID-19 cases, with health authorities responding by extending tougher social distancing measures. Consumption of durables went up much less (10.2 percent vs 29.3 percent). On a monthly basis, retail sales declined by 6 percent in July, after a 2.3 percent in June.
2020-08-30
South Korea Retail Sales Gain Steam
Retail sales in South Korea jumped 6.3 percent year-on-year in June 2020 after rising 1.7 in the previous month, as the coronavirus outbreak softened and retail activity continues to reopen and gain steam. Consumption of durables soared 29.2 percent following a 13.9 percent increase. On a monthly basis, retail sales grew 3.4 percent following a 4.6 percent expansion in the previous month.
2020-07-30
South Korea Retail Sales Rebound in May
Retail sales in South Korea rebounded 1.7 percent year-on-year in May 2020 after declining 2.2 in the previous month, as the coronavirus outbreak softened and retail activity gradually reopens. On the bright side, consumption of durables surged 13.9 percent following a 10.4 percent increase. On a monthly basis, retail sales grew 4.6 percent following a 5.3 percent expansion in the previous month.
2020-06-29

South Korea Retail Sales YoY
In South Korea, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago. .