Retail sales in Taiwan increased 3.26 percent year-on-year in October of 2020, following an upwardly revised 3.14 percent gain in September. It was the 4th straight month of rising retail sales as purchases grew at general merchandise stores (6.2 percent); textiles and clothing (24 percent); food beverages and tobacco (2.4 percent); retail trade not in stores (4.4 percent); pharmaceutical, medical goods and cosmetics (3.2 percent). In contrast, sales of motor vehicles edged down 0.2 percent. Considering the first 10 months of the year, retail sales edged down 0.2 percent. source: Ministry of Economic Affairs, R.O.C.
Retail Sales YoY in Taiwan averaged 2.44 percent from 2000 until 2020, 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 December of 2020.
Retail Sales YoY in Taiwan is expected to be 2.50 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 3.00 in 12 months time. In the long-term, the Taiwan Retail Sales YoY is projected to trend around 2.00 percent in 2021, according to our econometric models.