Retail sales in Taiwan jumped 18.27 percent year-on-year in April of 2021, following a 12.50 percent gain in the previous month. It was the fastest expansion in retail activity since January of 2011, benefitted by a low base year effect due to lockdown restrictions a year ago. The highest increases were recorded in textiles & clothing (55.11 percent vs 42.15 percent in March); fuel & related products (54.83 percent vs 22.62 percent); household appliances & goods (35.63 percent vs 17.95 percent); cultural & recreation goods (16.94 percent vs 26.37 percent); and in general merchandise stores (16.69 percent vs 5.29 percent). On a monthly basis, retail sales advanced 0.70 percent, easing from a 3.85 percent gain in the prior month. source: Ministry of Economic Affairs, R.O.C.
Retail Sales YoY in Taiwan averaged 2.58 percent from 2000 until 2021, 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. Taiwan Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Retail Sales YoY in Taiwan is expected to be 6.50 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 2.00 in 12 months time. In the long-term, the Taiwan Retail Sales YoY is projected to trend around 2.00 percent in 2022, according to our econometric models.