Retail trade in Taiwan rose 2.49 percent over a year earlier in July 2020, rebounding from a 1.33 percent fall in the previous month, as the economy continues to recover from the coronavirus fallout. Sales increased at general merchandise stores (7.2 percent vs -1.5 percent in June); pharmaceutical medical good & cosmetics (1.7 percent vs -3.8 percent); and textiles & clothing (8.8 percent vs -1.2 percent). Also, sales fell less at household appliances & goods in specialized stores (-7.4 percent vs -13.6 percent); fuel & related products (-15.5 percent vs -24.9 percent); and other retail sale in specialized stores (-20.3 percent vs -27.6 percent). Meanwhile, sales dropped for food, beverages & tobacco (-1.3 percent vs 0.67 percent); and motor vehicles, motorcycles & related parts (-2.5 percent vs 5.6 percent).
Retail Sales YoY in Taiwan averaged 2.42 percent from 2000 until 2020, 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 September of 2020.
Retail Sales YoY in Taiwan is expected to be 2.50 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 2021, according to our econometric models.