Retail sales in South Korea dropped by 2.0 percent year-on-year in December of 2020, the third fall in six months after a 1.5 percent decline in the previous month, as the economy’s recovery lost momentum and COVID-19 uncertainty returned. On a monthly basis, retail sales edged up 0.2 percent in December following a 0.9 percent decrease in the prior month. source: Statistics Korea

Retail Sales YoY in South Korea averaged 3.73 percent from 1996 until 2020, 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. South Korea Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Retail Sales YoY in South Korea is expected to be 5.00 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 2022 and 6.00 percent in 2023, according to our econometric models.

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South Korea Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
-2.00 -1.50 20.20 -21.50 1996 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-29 11:00 PM Sep 4.4% 0.3% 3.9%
2020-11-29 11:00 PM Oct -0.2% 4.3% 3.5%
2020-12-29 11:00 PM Nov -1.5% -0.1% -0.5%
2021-01-28 11:00 PM Dec -2.0% -1.5% -2.5%
2021-03-01 11:00 PM Jan -2.0%
2021-03-30 11:00 PM Feb
2021-04-29 11:00 PM Mar
2021-05-30 11:00 PM Apr


News Stream
South Korea Retail Sales Fall Further
Retail sales in South Korea dropped by 2.0 percent year-on-year in December of 2020, the third fall in six months after a 1.5 percent decline in the previous month, as the economy’s recovery lost momentum and COVID-19 uncertainty returned. On a monthly basis, retail sales edged up 0.2 percent in December following a 0.9 percent decrease in the prior month.
2021-01-28
South Korea Retail Sales Drop Further
Retail sales in South Korea dropped by 1.5 percent year-on-year in November of 2020, the second fall in six months after a downwardly revised 0.1 percent decline in the previous month, as the economy’s recovery lost momentum. On a monthly basis, retail sales decreased by 1.0 percent in November following a 0.9 percent decrease in the prior month.
2020-12-29
S. Korea Retail Sales Fall for 1st Time in 6 Months
Retail sales in South Korea dropped by 0.2 percent year-on-year in October of 2020, the first fall in six months, after a downwardly revised 4.3 percent gain in the previous month. On a monthly basis, retail sales decreased by 0.2 percent in October, following a 4.3 percent rise in the prior month.
2020-11-29
South Korea Retail Sales Gain Steam
Retail sales in South Korea rose by 4.4 percent year-on-year in September of 2020, the most in four months, following a 0.3 percent gain in the previous month. Consumption of durables soared 19.7 percent after jumping 13.2 in the previous month. On a monthly basis, retail sales increased by 1.7 percent in September, losing steam following a 3.0 percent rise in August.
2020-10-29

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. .