Taiwan's retail trade rose 2.75 percent from a year earlier in December 2019, easing from an upwardly revised 5.60 percent gain in the previous month. It was the lowest annual gain in retail trade since March, as sales slowed for food, beverages and tobacco (1.74 percent vs 3.61 percent); textiles & clothing (0.23 percent vs 14.26 percent); pharmaceutical and medical goods and cosmetics (1.23 percent vs 2.20 percent); motor vehicles, motorcycles and related parts and accessories (12.25 percent vs 12.64 percent). In addition, sales went up at a slower pace at general merchandise stores (0.73 percent vs 5.39 percent); not in stores or stalls (9.02 percent vs 12.21 percent) and via mail order houses or via internet (11.90 percent vs 15.73 percent).

Retail Sales YoY in Taiwan averaged 2.55 percent from 2000 until 2019, reaching an all time high of 21.94 percent in January of 2011 and a record low of -11.89 percent in February of 2009. This page provides the latest reported value for - Taiwan Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Retail Sales YoY in Taiwan is expected to be 3.60 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 Taiwan to stand at 2.80 in 12 months time. In the long-term, the Taiwan Retail Sales YoY is projected to trend around 2.00 percent in 2020, according to our econometric models.

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Taiwan Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
2.75 5.60 21.94 -11.89 2000 - 2019 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-23 08:00 AM Sep 2.71% 4.54% 3.1%
2019-11-25 08:00 AM Oct 4.2% 2.9% 4.9%
2019-12-23 08:00 AM Nov 5.4% 4.2% 5.2%
2020-01-22 08:00 AM Dec 2.7% 5.6% 2.1%
2020-02-24 08:00 AM Jan 2.7% 4.5%


News Stream
2019-12-23
Taiwan Retail Sales Rise at Faster Pace
Taiwan's retail trade increased by 5.44 percent from a year earlier in November 2019, following a 4.23 percent growth in the previous month, boosted by sales at general merchandise stores (5.39 percent vs 4.48 percent), motor vehicles, motorcycle stores (12.74 percent vs 17.43 percent), trade not in stores or stalls (12.85 percent vs 9.25 percent), and online trade (16.53 percent vs 8.71 percent). Sales also rose for textiles and clothing (14.26 percent vs 0.56 percent), food, beverages and tobacco (3.48 percent vs 2.17 percent), and pharmaceutical & medical goods (1.23 percent vs 1.47 percent). Meanwhile, fuel trade dropped 5.36 percent (vs -8.46 percent in October) and sales of information & communications equipment declined 1.77 percent (vs 1.11 percent in October).

2019-11-25
Taiwan Retail Sales Rise Faster
Retail sales in Taiwan increased 4.2 percent year-on-year in October of 2019, following an upwardly revised 2.9 percent gain in September. Sales went up at a faster pace in general merchandise stores (4.5 percent compared to 2.2 percent in September); information and communication equipment and electrical household appliances (1.1 percent compared to 0.8 percent); and pharmaceutical and medical goods (1.5 percent compared to 0.6 percent). Also, sales of food, beverages and tobacco rebounded (2.2 percent compared to -5.5 percent). On the other hand, a slowdown was seen in sales of motor vehicles (17.4 percent compared to 22.9 percent) and textiles and clothing (0.6 percent compared to 1.1 percent). On a monthly basis, retail sales surged 9.3 percent after a 0.9 percent gain in September.

2019-10-23
Taiwan Retail Trade Growth Eases in September
Retail sales in Taiwan rose 2.71 percent year-on-year in September 2019, slowing from a 4.54 percent gain the previous month. Sales increased less for textiles & clothing (0.60 percent vs 5.11 percent in August); pharmaceutical & medical goods (0.56 percent vs 5.82 percent); cultural & recreation goods (1 percent vs 4.27 percent); information and communications equipment & electrical household appliances (1.51 percent vs 2.91 percent); retail trade not in stores (6.71 percent vs 7.53 percent); and via mail or internet (12.65 percent vs 13.32 percent). Additionally, sales fell for food, beverages & tobacco (-6.07 percent vs 6.99 percent); building materials (-7.26 percent vs 0.62 percent); and household appliances & goods (-3.62 percent vs 3.75 percent). Also, sales of fuel products dropped further (-11 percent vs -5.72 percent). On a monthly basis, retail sales advanced 0.7 percent, rebounding from a 5.56 percent decline in August.

2019-09-23
Taiwan Retail Trade Growth Slows in August
Retail sales in Taiwan increased 4.54 percent year-on-year in August of 2019, easing from an upwardly revised 6.73 percent gain in the previous month. Sales slowed for household appliances & goods (3.75 percent vs 5.24 percent in July); cultural & recreation goods (4.27 percent vs 8.21 percent); information and communications equipment & electrical household appliances (2.91 percent vs 4.95 percent) and motor vehicles & motorcycles (3.51 percent vs 18.89 percent). On the other hand, sales rose faster for food, beverages & tobacco (6.99 percent vs 3.98 percent); textiles & clothing (5.11 percent vs 2.69 percent); pharmaceutical & medical goods (5.82 percent vs 5.25 percent); building materials (0.62 percent vs 0.19 percent) while fuel products sales dropped at a softer pace (-5.72 percent vs -6.99 percent). On a monthly basis, retail sales fell 5.56 percent, after a 0.50 percent rise in July.

2019-08-23
Taiwan Retail Sales Growth Nears 1-1/2-Year High of 6.7%
Taiwan's retail trade surged 6.66 percent from a year earlier in July 2019, up from a 4.46 percent rise in the previous month. It is the strongest gain in retail sales since February last year, mainly due to higher sales of motor vehicles, motorcycles and related parts and accessories (18.79 percent vs 9.33 percent in June); food, beverages & tobacco (2.61 percent, after no growth in June); pharmaceutical and medical goods and cosmetics (5.74 percent vs 3.85 percent); household appliances & goods (5.55 percent vs 3.89 percent) and retail sale via mail order houses or via internet (13.13 percent vs 9.0 percent). In addition, sales of ICT products rebounded (2.42 percent vs -1.20 percent). On a monthly basis, retail sales advanced 4.96 percent, recovering sharply from a 2.54 percent fall in the prior month. Year-to-date, retail trade grew 2.39 percent compared to the same period of 2018.

2019-07-23
Taiwan Retail Sale Growth Accelerates in June
Taiwan's retail trade increased 4.46 percent from a year earlier in June 2019, compared to a downwardly revised 2.94 percent growth in the previous month, as sales rose at faster pace for: motor vehicles, motorcycles and related parts and accessories (9.33 percent vs 6.59 percent); general merchandise stores (6.56 percent vs 4.88 percent); textiles and clothing (4.55 percent vs 2.76 percent); household appliances and goods (3.89 percent vs 2.36 percent); pharmaceutical and medical goods and cosmetics (3.85 percent vs 2.27 percent); and retail sale via mail order houses or via internet (9 percent vs 8.19 percent).


Taiwan Retail Sales YoY
In Taiwan, 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.

Taiwan Consumer Last Previous Highest Lowest Unit
Consumer Confidence 84.28 80.37 97.52 48.42 points [+]
Retail Sales Mom 0.80 9.34 11.53 -23.80 percent [+]
Retail Sales YoY 2.75 5.60 21.94 -11.89 percent [+]
Consumer Spending 2432640.00 2419117.00 2432640.00 369944.00 TWD Million [+]
Disposable Personal Income 8956900.00 8721300.00 8956900.00 61500.00 TWD Million [+]
Personal Savings 1944200.00 1774100.00 1944200.00 6900.00 TWD Million [+]
Consumer Credit 8703092.00 8643048.00 8703092.00 741707.00 TWD Million [+]
Bank Lending Rate 2.63 2.63 16.50 2.56 percent [+]
Consumer Confidence Economic Expectations 71.60 71.55 93.55 60.95 [+]
Consumer Confidence Financial Expectations 76.25 76.75 92.90 61.10 [+]
Consumer Confidence Major Purchases Expectations 84.85 84.15 109.30 67.70 [+]
Consumer Confidence Price Trends 45.45 44.00 113.75 41.30 [+]
Consumer Confidence Unemployment Expectations 100.40 101.70 115.85 42.45 [+]