Retail sales in Taiwan surged 12.81 percent year-on-year in February of 2021, following an upwardly revised 3.74 percent increase in the previous month. It was the 8th straight month of growth in retail activity and at the fastest pace since February of 2018, mainly on account of textiles & clothing (48.49 percent vs -1.89 percent in January); cultural and recreation goods (28.78 percent vs 0.33 percent); food, beverages & tobacco (18.46 percent vs -0.80 percent) and general merchandise (17.44 percent vs -5.97 percent). Meanwhile, sales decreased for motor vehicles, motorcycles and parts (-0.1 percent vs 28.25 percent) and fuel & related products (-2.13 percent vs -9.31 percent). On a monthly basis, retail sales fell 14.8 percent. source: Ministry of Economic Affairs, R.O.C.
Retail Sales YoY in Taiwan averaged 2.48 percent from 2000 until 2021, 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 April of 2021.
Retail Sales YoY in Taiwan is expected to be 6.50 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 2022, according to our econometric models.