Retail sales in Taiwan rose 1.3 percent year-on-year in September of 2021 compared to 4.3 percent fall in the previous month, expanding first time in 4 months. Sales advanced at a faster pace for fuel and related products (18 percent vs 12.7 percent in August); and electronic shopping and mail-order houses (19.5 percent vs 17.6 percent). Also, sales rebounded for information and communications equipment and electrical household appliances (11.9 percent vs -1.8 percent); motor vehicles, motorcycles and related Parts (6 percent vs -4.7 percent); and construction materials (5.3 percent vs -2.7 percent). Additionally, sales declined at a softer pace for pharmaceutical and medical goods and cosmetics (-2.8 percent vs -10.3 percent) and at general merchandise stores (-1.2 percent vs -8 percent). Meanwhile, sales continued to fall for food and beverages (-9.2 percent vs -2.6 percent). On a monthly basis, retail sales increased 1.8 percent slowing from a 5.3 percent advance in August source: Ministry of Economic Affairs, R.O.C.
Retail Sales YoY in Taiwan averaged 2.44 percent from 2000 until 2021, reaching an all time high of 21.94 percent in January of 2011 and a record low of -13.30 percent in June of 2021. 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 October of 2021.
Retail Sales YoY in Taiwan is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Retail Sales YoY is projected to trend around 2.00 percent in 2022, according to our econometric models.