Retail sales in Taiwan rose 0.62 percent year-on-year in March 2019, following a 9.06 percent gain in the previous month. Sales rebounded for general merchandise stores (5.95 percent vs -5.74 percent in February); fabrics, clothes & clothing accessories (0.58 percent vs -7.80 percent); household supplies (0.87 percent vs -6.01 percent); educational & entertainment articles (3.92 percent vs -0.88 percent); and fuel products (1.08 percent vs -3.88 percent). Also, sales of pharmaceutical, medical goods & cosmetics advanced further (5.47 percent vs 2.9 percent) and fell less for autos, motorcycles and related parts & accessories (-8.31 percent vs -19.84 percent); information & communications equipment & electrical household appliances (-2.3 percent vs -17.76 percent); food, beverages & tobacco (-2.87 percent vs -15.76 percent); and building materials (-2.13 percent vs -11.16 percent). On a monthly basis, retail sales went up 8.09 percent. Retail Sales YoY in Taiwan averaged 2.78 percent from 2010 until 2019, reaching an all time high of 22.90 percent in January of 2011 and a record low of -9.06 percent in February of 2019.
Retail Sales YoY in Taiwan is expected to be 1.90 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 3.60 in 12 months time. In the long-term, the Taiwan Retail Sales YoY is projected to trend around 2.00 percent in 2020, according to our econometric models.