Retail sales in Taiwan advanced by 6.7 percent year-on-year in October of 2021, compared to an upwardly revised 2 percent rise in the previous month. It was the second consecutive month of growth in retail activity and at the fastest pace in six months. Sales increased primarily for information and communications equipment and electrical household appliances (40.1 percent vs 14.2 percent in September); fuel and related products (31.9 percent vs 18 percent); textiles & clothing (6.8 percent vs -2.8 percent) and general stores (5.4 percent vs -1.2 percent). Also, electronic shopping and via mail-order houses (23.5 percent vs 17.5 percent) continued to gain momentum. On a monthly basis, retail sales jumped 13.8 percent, quickening from an upwardly revised 2.5 percent rise in the previous month. source: Ministry of Economic Affairs, R.O.C.
Retail Sales YoY in Taiwan averaged 2.46 percent from 2000 until 2021, reaching an all time high of 21.94 percent in January of 2011 and a record low of -13.30 percent in June of 2021. 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. Taiwan Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
Retail Sales YoY in Taiwan is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Retail Sales YoY is projected to trend around 2.00 percent in 2022, according to our econometric models.