Retail sales in South Korea rose 0.7% year-on-year in May 2022, accelerating from a 0.4% increase in the previous month but remaining at low levels amid dampened private spending in the country. On a monthly, seasonally-adjusted basis, retail sales fell 0.1% in May, failing to grow for the fifth straight month. source: Statistics Korea
Retail Sales YoY in South Korea averaged 3.78 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 July 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.