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.

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Taiwan Retail Sales YoY


Calendar GMT Actual Previous Consensus TEForecast
2021-10-25 08:00 AM Sep 1.26% -4.3% -0.3%
2021-11-23 08:00 AM Oct 6.65% 1.99% 3%
2021-12-23 08:00 AM Nov 6.65%


Related Last Previous Unit Reference
Retail Sales Mom 13.80 2.50 percent Oct/21
Retail Sales YoY 6.65 1.99 percent Oct/21

News Stream
Taiwan Retail Sales Growth at 6-Month High
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.
2021-11-23
Taiwan Retail Sales Expand for First Time in 4 Months
Retail sales in Taiwan rose 1.3 percent year-on-year in September of 2021 compared to 4.3 percent fall in the previous month, expanding for first time in 4 months. Sales advanced at a faster pace for fuel and related products (18 percent vs 12.7 percent in August); and electronic shopping and mail-order houses (19.5 percent vs 17.6 percent). Also, sales rebounded for information and communications equipment and electrical household appliances (11.9 percent vs -1.8 percent); motor vehicles, motorcycles and related Parts (6 percent vs -4.7 percent); and construction materials (5.3 percent vs -2.7 percent). Additionally, sales declined at a softer pace for pharmaceutical and medical goods and cosmetics (-2.8 percent vs -10.3 percent) and at general merchandise stores (-1.2 percent vs -8 percent). Meanwhile, sales continued to fall for food and beverages (-9.2 percent vs -2.6 percent). On a monthly basis, retail sales increased 1.8 percent slowing from a 5.3 percent advance in August.
2021-10-25
Taiwan Retail Sales Shrink for 3rd Month
Retail sales in Taiwan fell 4.3% year-on-year in August of 2021, following a downwardly revised 9.6% contraction in the previous month. Sales continued to fall for: textile & clothing (-8.73% vs -30.98% in July); construction materials (-2.71% vs -0.03%); food, beverages & tobacco (-2.65% vs -3.07%); household appliances & goods (-6.23% vs -10.19%); motor vehicles, motorcycles & related parts (-4.65% vs -10.63%); general merchandise stores (-7.92% vs -14.56%); pharmaceutical & medical goods (-10.3% vs 14.07%); cultural & recreation goods (-29.49% vs -37.79%). On the other hand, sales were up for fuel & related products (12.69% vs 3.41%); electronic shopping (17.6% vs 23.34%); and not in stores or stalls (13.17% vs 15.41%). On a monthly basis, retail sales increased 5.27%, following a 14.44 percent rise in the month prior.
2021-09-27

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.