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.