Retail sales in Taiwan surged 12.05 percent year-on-year in March of 2021, following a close strong increase of 12.81 percent in the previous month. It was the 9th straight month of growth in retail activity, with the magnitude suggesting low base year effects arising from lockdown restrictions a year ago. The highest increases were recorded in textiles & clothing (39.28 percent vs 48.49 percent in February); cultural & recreation goods (26.37 percent vs 28.78 percent) and in fuel & related products (22.34 percent vs -2.13 percent). Additionally, sales still grew significantly for food, beverages & tobacco (7.71 percent vs 18.46 percent) and pharmaceutical & medical goods (7.50 percent vs 1.47 percent). On a monthly basis, retail sales advanced 3.4 percent. source: Ministry of Economic Affairs, R.O.C.
Retail Sales YoY in Taiwan averaged 2.52 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 May 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.