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.