Retail sales in Taiwan went up 2.7 percent year-on-year in May of 2022, slowing from a 4.7 percent rise in the previous month. It was also the smallest gain in retail trade activity since February, as the island-nation faced its largest virus wave since the onset of the pandemic. Trade eased sharply in the foods, beverages, and tobacco stores (3.1 percent vs 11.0 percent in April) and fell for information and communication equipment (-3.3 percent vs 9.8 percent) and motor vehicle, motorcycles, and parts (-8.4 percent vs 4.6 percent). On the other hand, sales recovered sharply at textiles and clothing stores (20.4 percent vs -1.7 percent), and household appliances stores (15.1 percent vs -1.9 percent). On a monthly basis, retail sales slumped 7 percent, following a flat reading in the previous month. source: Ministry of Economic Affairs, R.O.C.

Retail Sales YoY in Taiwan averaged 2.51 percent from 2000 until 2022, reaching an all time high of 21.94 percent in January of 2011 and a record low of -13.30 percent in June of 2021. 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 July of 2022.

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. In the long-term, the Taiwan Retail Sales YoY is projected to trend around 1.80 percent in 2023 and 2.00 percent in 2024, according to our econometric models.

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Taiwan Retail Sales YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-05-23 08:00 AM Apr 4.7% 5.5% 1.2%
2022-06-23 08:00 AM May 2.7% 4.7% 5.3%
2022-07-25 08:00 AM Jun 2.7%


Related Last Previous Unit Reference
Retail Sales Mom -7.00 -0.05 percent May 2022
Retail Sales YoY 2.70 4.70 percent May 2022

Taiwan Retail Sales YoY
In Taiwan, 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
2.70 4.70 21.94 -13.30 2000 - 2022 percent Monthly

News Stream
Taiwan Retail Sales Slow in May
Retail sales in Taiwan went up 2.7 percent year-on-year in May of 2022, slowing from a 4.7 percent rise in the previous month. It was also the smallest gain in retail trade activity since February, as the island-nation faced its largest virus wave since the onset of the pandemic. Trade eased sharply in the foods, beverages, and tobacco stores (3.1 percent vs 11.0 percent in April) and fell for information and communication equipment (-3.3 percent vs 9.8 percent) and motor vehicle, motorcycles, and parts (-8.4 percent vs 4.6 percent). On the other hand, sales recovered sharply at textiles and clothing stores (20.4 percent vs -1.7 percent), and household appliances stores (15.1 percent vs -1.9 percent). On a monthly basis, retail sales slumped 7 percent, following a flat reading in the previous month.
2022-06-23
Taiwan Retail Sales Growth Slows in April
Retail sales in Taiwan rose 4.68 percent year-on-year in April of 2022, easing from an upwardly revised 5.46 percent gain in the previous month. Sales slowed sharply at general merchandise stores (1.56 percent vs 5.17 percent in March); and eased significantly for fuel and related products (10.04 percent vs 16.21 percent); information and communications equipment and electrical household appliance (9.77 percent vs 19.36 percent); Also, sales declined for textiles and clothing (-1.74 percent vs 19.19 percent) whereas rebounded for pharmaceutical and medical goods and cosmetics (11.71 percent vs -1.33 percent).On a monthly basis, retail sales fell by 0.05 percent after rising 9.9 percent in the previous month.
2022-05-23
Taiwan Retail Trade Grows the Least in 6 Months
Retail sales in Taiwan edged up 0.2 percent year-on-year in February of 2022, slowing sharply from a downwardly revised 6.25 percent rise in the previous month. It was also the smallest gain in retail trade activity since August of 2021 as sales eased significantly for textiles & clothing (2.9 percent vs 16.4 percent in January); household appliances and goods (2.4 percent vs 8.2 percent); and information and communication equipment (2.6 percent vs 9.3 percent). Also, sales fell at general merchandise stores (-3.6 percent vs 9.1 percent), food, beverages and tobacco (-9 percent vs 19.4 percent), pharmaceutical, medical goods and cosmetics ( -3.8 percent vs 1.4 percent), cultural and recreation goods (-8.3 percent vs -3.3 percent); and construction materials (-10.5 percent vs 1.4 percent). On a monthly basis, retail sales declined 19.7 percent, compared to a 6.3 percent increase in the previous month.
2022-03-23