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.

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Taiwan Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
3.26 3.14 21.94 -11.89 2000 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-24 08:00 AM Jul 2.5% -1.3% 1.5%
2020-09-23 08:00 AM Aug 8.17% 2.79% 2.5%
2020-10-23 08:00 AM Sep 2.88% 8.17% 3.5%
2020-11-23 08:00 AM Oct 3.26% 3.14% 3.1%
2020-12-23 08:00 AM Nov 3.26%
2021-01-22 08:00 AM Dec
2021-02-24 08:00 AM Jan
2021-03-23 08:00 AM Feb


News Stream
Taiwan Retail Sales Rise for 4th Month
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.
2020-11-23
Taiwan Retail Sales Rise for 3rd Month
Retail trade in Taiwan rose 2.88 percent over a year earlier in September 2020, following an 8.17 percent gain in the previous month. Sales advanced less for pharmaceutical medical good & cosmetics (3.3 percent vs 4.2 percent in August); motor vehicles, motorcycles & related parts (3.2 percent vs 33.5 percent); textiles & clothing (8.2 percent vs 13.3 percent); cultural & recreation goods (14.1 percent vs 26.7 percent); and construction materials (0.8 percent vs 7.3 percent). Also, sales fell for information & communications equipment (-3.1 percent vs 9.1 percent). On the other hand, sales of household appliances & goods in specialized stores rose further (1.5 percent vs 1.2 percent), while those of fuel & related products (-14.5 percent vs -14.9 percent); and other retail sale in specialized stores (-13.1 percent vs -20.2 percent) dropped at a softer pace.
2020-10-23
Taiwan Retail Sales Rise the Most in Over 2 Years
Retail trade in Taiwan increased 8.17 percent year-on-year in August 2020, following an upwardly revised 2.79 percent in the previous month. It was the largest rise in retail trade since February 2018, as the economy continues to recover from the coronavirus fallout. Sales advanced further for pharmaceutical medical good & cosmetics (4.2 percent vs 2.3 percent in July); textiles & clothing (13.3 percent vs 8.7 percent); cultural & recreation goods (26.7 percent vs 21.3 percent); construction materials (7.3 percent vs 2.5 percent); and information & communications equipment (9.1 percent vs 5.7 percent). Also, sales rebounded at household appliances & goods in specialized stores (1.2 percent vs -6.6 percent); and motor vehicles, motorcycles & related parts (33.5 percent vs -1.4 percent). In addition, sales fell less for fuel & related products (-14.9 percent vs -15.5 percent); and other retail sale in specialized stores (-20.2 percent vs -20.6 percent).
2020-09-23
Taiwan Retail Sales Rebound in July
Retail trade in Taiwan rose 2.49 percent over a year earlier in July 2020, rebounding from a 1.33 percent fall in the previous month, as the economy continues to recover from the coronavirus fallout. Sales increased at general merchandise stores (7.2 percent vs -1.5 percent in June); pharmaceutical medical good & cosmetics (1.7 percent vs -3.8 percent); and textiles & clothing (8.8 percent vs -1.2 percent). Also, sales fell less at household appliances & goods in specialized stores (-7.4 percent vs -13.6 percent); fuel & related products (-15.5 percent vs -24.9 percent); and other retail sale in specialized stores (-20.3 percent vs -27.6 percent). Meanwhile, sales dropped for food, beverages & tobacco (-1.3 percent vs 0.67 percent); and motor vehicles, motorcycles & related parts (-2.5 percent vs 5.6 percent).
2020-08-24

Taiwan Retail Sales YoY
In Taiwan, 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.