South Korea's retail sales jumped 4.1 percent from a year earlier in August 2019, recovering from a 0.3 percent drop in the previous month. Sales at duty free shop rose the most (30.3 percent), followed by non-store retailers (16.6 percent), department stores (6.3 percent), and convenience stores (6 percent). By contrast, sales at specialized retailers fell 3.5 percent and those at supermarkets and general stores declined 1.9 percent. On a monthly basis, retail trade climbed 3.9 percent. Retail Sales YoY in South Korea averaged 3.90 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.

Retail Sales YoY in South Korea is expected to be 2.90 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 3.50 in 12 months time. In the long-term, the South Korea Retail Sales YoY is projected to trend around 6.00 percent in 2020, according to our econometric models.

South Korea Retail Sales YoY
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-27 11:00 PM Retail Sales YoY May 3.4% 1.4% 1.9%
2019-07-30 11:00 PM Retail Sales YoY Jun 1.2% 3.4% 2.7%
2019-08-29 11:00 PM Retail Sales YoY Jul -0.3% 1.2% 0.6%
2019-09-29 11:00 PM Retail Sales YoY Aug 4.1% -0.3% 0.4%
2019-10-30 11:00 PM Retail Sales YoY Sep 4.1% 2.9%
2019-11-28 11:00 PM Retail Sales YoY Oct
2019-12-29 11:00 PM Retail Sales YoY Nov


South Korea Consumer Last Previous Highest Lowest Unit
Consumer Confidence 96.90 92.50 120.60 69.40 Index Points [+]
Retail Sales MoM 3.90 -0.90 5.50 -12.40 percent [+]
Retail Sales YoY 4.10 -0.30 20.20 -21.50 percent [+]
Consumer Spending 221901.20 220417.20 221901.20 6809.67 KRW Billion [+]
Disposable Personal Income 1890779.40 1836741.90 1890779.40 2866.70 KRW Billion [+]
Personal Savings 34.60 34.50 42.70 13.40 percent [+]
Consumer Credit 1556091.90 1540043.80 1556091.90 142746.90 KRW Billion [+]
Bank Lending Rate 3.19 3.40 17.01 3.19 percent [+]
Economic Optimism Index 91.00 88.00 117.00 55.00 Net Balance [+]
Gasoline Prices 1.28 1.23 1.84 0.54 USD/Liter [+]
Households Debt To GDP 92.10 91.90 92.10 1.40 percent of GDP [+]
Consumer Confidence Current Conditions 96.00 93.00 117.00 25.00 [+]
Consumer Confidence Economic Expectations 109.00 112.00 122.00 49.00 [+]
Consumer Confidence Financial Expectations 103.00 103.00 107.00 82.00 [+]
Consumer Confidence Major Purchases Expectations 97.00 96.00 97.00 73.00 [+]
Consumer Confidence Price Trends 139.00 139.00 163.00 129.00 [+]
Consumer Confidence Savings Expectations 97.00 97.00 102.00 82.00 [+]
Consumer Confidence Unemployment Expectations 110.00 121.00 121.00 41.00 [+]


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. This page provides - South Korea Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Retail Sales YoY - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.10 -0.30 20.20 -21.50 1996 - 2019 percent Monthly
NSA




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