Retail sales in South Korea climbed 4.6 percent year-on-year in December 2019, accelerating from a downwardly revised 3.6 percent rise in the previous month. It was the strongest gain in retail trade since October 2018, boosted by sales of cars and cosmetics. On a monthly basis, retail sales advanced 0.3 percent, decelerating from a 3.1 percent jump in November. South Korea Retail Sales YoY - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Retail Sales YoY in South Korea averaged 3.89 percent from 1996 until 2019, reaching an all time high of 20.20 percent in May of 2000 and a record low of -21.50 percent in July of 1998. This page provides - South Korea Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Korea

Retail Sales YoY in South Korea is expected to be 3.20 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 South Korea to stand at 5.00 in 12 months time. In the long-term, the South Korea Retail Sales YoY is projected to trend around 5.00 percent in 2021 and 6.00 percent in 2022, according to our econometric models.


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South Korea Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
4.60 3.60 20.20 -21.50 1996 - 2019 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-30 11:00 PM Sep 3.3% 4.1% 2.9%
2019-11-28 11:00 PM Oct 2.1% 3.1% 3.1%
2019-12-29 11:00 PM Nov 3.7% 2% 3.1%
2020-01-30 11:00 PM Dec 4.6% 3.6% 2.7%
2020-02-27 11:00 PM Jan 4.6% 2.5%
2020-03-30 11:00 PM Feb
2020-04-28 11:00 PM Mar 3.2%
2020-05-28 11:00 PM Apr


News Stream
South Korea Retail Sales Gain Steam
Retail sales in South Korea climbed 4.6 percent year-on-year in December 2019, accelerating from a downwardly revised 3.6 percent rise in the previous month. It was the strongest gain in retail trade since October 2018, boosted by sales of cars and cosmetics. On a monthly basis, retail sales advanced 0.3 percent, decelerating from a 3.1 percent jump in November.
2020-01-30
South Korea Retail Trade Growth at 3-Month High
Retail sales in South Korea climbed 3.7 percent year-on-year in November 2019, accelerating from a downwardly revised 2.0 percent rise in the previous month. It was the strongest gain in retail trade since August. On a monthly basis, retail sales jumped 3 percent, rebounding from a 0.4 percent drop in October.
2019-12-29
South Korea Retail Sales Lose Steam
South Korea's retail sales rose 2.1 percent from a year earlier in October 2019, after a downwardly revised 3.1 percent increase in the previous month. On a monthly basis, retail trade declined 0.5 percent following a 2.3 percent decline in the prior month.
2019-11-28
South Korea Retail Trade Growth Slows in September
South Korea's retail sales rose 3.3 percent from a year earlier in September 2019, after a 4.1 percent increase in the previous month. Growth was mainly drive by consumer durables, which went up 10.2 percent (vs 0.6 percent in August). On a monthly basis, retail trade declined 2.2 percent following a 3.9 percent gain in the prior month.
2019-10-30

South Korea Retail Sales YoY
In South Korea, 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.