Retail sales in South Korea fell 0.1% on a monthly, seasonally-adjusted basis in May 2022, failing to grow for the fifth straight month. On an annual basis retail sales rose 0.7% in May, accelerating from a 0.4% increase in the previous month but remaining at low levels amid dampened private spending in the country. source: Statistics Korea
Retail Sales MoM in South Korea averaged 0.29 percent from 1995 until 2022, reaching an all time high of 6 percent in March of 2019 and a record low of -12.50 percent in January of 1998. This page provides the latest reported value for - South Korea Retail Sales MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Retail Sales MoM in South Korea is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Retail Sales MoM is projected to trend around 0.90 percent in 2023, according to our econometric models.