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.

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Taiwan Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
-13.30 3.40 21.94 -13.30 2000 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-23 08:00 AM Mar 12.05% 12.81% 9.5%
2021-05-24 08:10 AM Apr 18.27% 12.50% 25%
2021-06-23 08:00 AM May 2.8% 18.27% 21%
2021-07-23 08:00 AM Jun -13.3% 3.4% 1.6%
2021-08-23 08:00 AM Jul -13.3%
2021-09-23 08:00 AM Aug
2021-10-23 08:00 AM Sep
2021-11-23 08:00 AM Oct


News Stream
Taiwan Retail Sales Fall the Most on Record
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.
2021-07-23
Taiwan Retail Sales Growth Slows Sharply in May
Retail sales in Taiwan advanced 2.80 percent year-on-year in May of 2021, following a 18.27 percent jump in the previous month. It was the slowest expansion in retail activity since February, as health authorities rolled back restrictions amid a surge in COVID-19 infections. Sales were most penalized in textiles & clothing (-27.21 percent vs 55.11 percent in April); cultural & recreational goods (-22.90 percent vs 16.94 percent); household appliances & goods (-13.01 percent vs 35.63 percent); and other retail sales in specialized stores (-11.46 percent vs 13.67 percent). At the same time, growth slowed sharply in sales of fuels & related products (25.04 percent vs 54.83 percent); general merchandise (0.38 percent vs 16.69 percent); motor vehicles, motorcycles, related parts & accessories (5.55 percent vs 12.04 percent); and food, beverages & tobacco (0.56 percent vs 5.50 percent). On a monthly basis, retail sales fell 5.78 percent, following a 0.70 percent increase in April.
2021-06-23
Taiwan Retail Sales Jump the Most in Over 10 Years
Retail sales in Taiwan jumped 18.27 percent year-on-year in April of 2021, following a 12.50 percent gain in the previous month. It was the fastest expansion in retail activity since January of 2011, benefitted by a low base year effect due to lockdown restrictions a year ago. The highest increases were recorded in textiles & clothing (55.11 percent vs 42.15 percent in March); fuel & related products (54.83 percent vs 22.62 percent); household appliances & goods (35.63 percent vs 17.95 percent); cultural & recreation goods (16.94 percent vs 26.37 percent); and in general merchandise stores (16.69 percent vs 5.29 percent). On a monthly basis, retail sales advanced 0.70 percent, easing from a 3.85 percent gain in the prior month.
2021-05-24
Taiwan Retail Sales Remains Robust in March
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.
2021-04-23

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.