Retail sales in Taiwan fell a record 13.30 percent year-on-year in June of 2021, following an upwardly revised 3.4 percent increase in the previous month. It was the first contraction in retail activity since June of 2020, as health authorities extended lockdown measures to curb a surge in coronavirus infections. Sales dropped further for textiles & clothing (-53.90 percent vs -26.15 percent in May); cultural & recreational goods (-38.38 percent vs -20.09 percent); household appliances & goods (-28.57 percent vs -11.84 percent). The contraction in activity also advanced to other categories, such as stores of motor vehicles, motorcycles, related parts & accessories (-22.95 percent vs 6.26 percent); general merchandise stores (-14.34 percent vs 0.70 percent); and pharmaceuticals, medical goods & cosmetics (-13.09 percent vs 10.12 percent). On a monthly basis, retail sales slid 14.44 percent, following a 5.23 percent decrease in May. source: Ministry of Economic Affairs, R.O.C.
Retail Sales YoY in Taiwan averaged 2.58 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 July 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.