Retail sales in South Korea grew 3.1 percent year-on-year in May of 2021, following a revised 8.7 percent jump in the prior month. It was the fourth straight month of gains in retail trade. On a monthly basis, retail sales dropped 1.8 percent in May, following a revised 2.1 percent gain in the prior period. source: Statistics Korea

Retail Sales YoY in South Korea averaged 3.77 percent from 1996 until 2021, 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 July of 2021.

Retail Sales YoY in South Korea is expected to be 8.00 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
3.10 8.60 20.20 -21.50 1996 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-30 11:00 PM Feb 8.4% 0.0% 1.5%
2021-04-29 11:00 PM Mar 10.9% 8.3% 10%
2021-05-30 11:00 PM Apr 8.6% 10.9% 8.1%
2021-06-29 11:00 PM May 3.1% 8.7% 7.9%
2021-07-29 11:00 PM Jun 3.1% 2.4%
2021-08-30 11:00 PM Jul
2021-09-29 11:00 PM Aug
2021-10-28 11:00 PM Sep


News Stream
South Korea Retail Sales Rises for Fourth Month
Retail sales in South Korea grew 3.1 percent year-on-year in May of 2021, following a revised 8.7 percent jump in the prior month. It was the fourth straight month of gains in retail trade. On a monthly basis, retail sales dropped 1.8 percent in May, following a revised 2.1 percent gain in the prior period.
2021-06-29
South Korea Retail Sales Rises for 3rd Month
Retail sales in South Korea grew by 8.6 percent year-on-year in April 2021, following a 10.9 percent jump in the prior month. This was the third straight month of rise in retail trade, amid warm weather and improving consumer sentiment following an easing in social distancing measures. On a monthly basis, retail sales rose by 2.3 percent in April, the same as in March.
2021-05-31
South Korea Retail Sales Climb Most Since 2011
Retail sales in South Korea jumped by 10.9 percent year-on-year in March of 2021, the most since January 2011, after a revised 8.3 percent gain in the previous month. On a monthly basis, retail sales rose by 2.3 percent in March, following a 0.8 percent drop in the prior month.
2021-04-29
South Korea Retail Sales Jump 8.4% YoY
Retail sales in South Korea climbed 8.4 percent on an annual basis in February of 2021 after posting nil growth in January of 2021, as the economy’s recovery regained momentum amid COVID-19 uncertainty. However, on a monthly basis, retail sales decreased 0.8 percent in February after increasing 1.6 percent in January.
2021-03-30

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. .