Retail trade in Taiwan fell 1.33 percent over a year earlier in June 2020, after dropping a downwardly revised 5.7 percent in the previous month, amid the coronavirus pandemic. Sales declined less at general merchandise stores (-1.5 percent vs -1.9 percent); household appliances & goods in specialized stores (-13.6 percent vs -20.2 percent); pharmaceutical medical good & cosmetics (-3.8 percent vs -9 percent); fuel & related products (-24.9 percent vs -35.5 percent); and other retail sale in specialized stores (-27.6 percent vs -34.4 percent). Also, sales rebounded for food, beverages & tobacco (0.67 percent vs -10.8 percent); and motor vehicles, motorcycles & related parts (5.6 percent vs -6 percent).
Retail Sales YoY in Taiwan averaged 2.42 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 August 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 2.00 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.