Retail sales in South Korea rose 2.3% year-on-year in March 2022, accelerating from a 1.6% growth in the previous month. On a monthly, seasonally-adjusted basis, retail sales fell 0.5% in March after remaining flat in the previous month, dragged lower by the fast spread of the omicron variant. source: Statistics Korea

Retail Sales YoY in South Korea averaged 3.80 percent from 1996 until 2022, reaching an all time high of 20.20 percent in May of 2000 and a record low of -21.50 percent in July of 1998. This page provides - South Korea Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.

Retail Sales YoY in South Korea is expected to be 5.00 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 YoY is projected to trend around 5.00 percent in 2023 and 6.00 percent in 2024, according to our econometric models.

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South Korea Retail Sales YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-03-30 11:00 PM Feb 1.6% 4.7% 8.3%
2022-04-28 11:00 PM Mar 2.3% 1.6% 0.4%
2022-05-30 11:00 PM Apr


Related Last Previous Unit Reference
Retail Sales MoM -0.50 0.00 percent Mar 2022
Retail Sales YoY 2.30 1.60 percent Mar 2022

South Korea Retail Sales YoY
In South Korea, 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. .
Actual Previous Highest Lowest Dates Unit Frequency
2.30 1.60 20.20 -21.50 1996 - 2022 percent Monthly
NSA

News Stream
S.Korea March Retail Sales Rise 2.3% YoY
Retail sales in South Korea rose 2.3% year-on-year in March 2022, accelerating from a 1.6% growth in the previous month. On a monthly, seasonally-adjusted basis, retail sales fell 0.5% in March after remaining flat in the previous month, dragged lower by the fast spread of the omicron variant.
2022-04-29
South Korea Retail Sales Growth at 8-Month Low
Retail sales in South Korea rose by 1.6 percent year-on-yar in February of 2022, slowing from an upwardly revised 4.7 percent growth in the prior month. The latest reading marked the slowest increase in retail trade since last July, as consumption moderated amid rising cases of the Omicron strain. On a monthly basis, retail sales gained 0.1 percent in February, reversing from a revised 2.1 percent fall in January.
2022-03-30
South Korea Retail Sales Grows For the 12th Consecutive Month
Retail sales in South Korea increased 4.5 percent year-on-year in January of 2022, accelerating from a revised 6.8 percent rise in the prior month, and marking the twelfth straight month of gains in retail trade. On a monthly basis, retail sales plunged 1.9 percent, after increasing 2.2 percent in the previous period.
2022-03-01