Retail sales in Taiwan rose by 12% year-on-year in August of 2022, following an upwardly revised 18.1% advance in the previous month, amid fading low base-year effects. Sales increased at a slower pace in several categories, primarily textiles & clothing (30.2% vs 79.7% in July); cultural & recreation goods (23.7% vs 50.6%); household appliances (6.6% vs 21.9%), construction materials (0.8% vs 11.5%) and fuels (11.2% vs 21.1%). On the contrary, sales increased faster for food, beverages & tobacco (13.1% vs 9.8%) and motor vehicles, motorcycles and related parts and accessories (11.4% vs 3.1%), while they rebounded for information and communications equipment and electrical household appliance (3.4% vs -1.5%). On a monthly basis, retail sales ticked down by 0.1%, following an upwardly revised 9.9% jump in the prior month. source: Ministry of Economic Affairs, R.O.C.

Retail Sales YoY in Taiwan averaged 2.68 percent from 2000 until 2022, reaching an all time high of 22.50 percent in June of 2022 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 September of 2022.

Retail Sales YoY in Taiwan is expected to be 1.90 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
2022-08-23 08:00 AM Jul 17.2% 22.5% 20%
2022-09-23 08:00 AM Aug 12% 18.1% 13%
2022-10-24 08:00 AM Sep 12%


Related Last Previous Unit Reference
Retail Sales MoM -0.10 9.90 percent Aug 2022
Retail Sales YoY 12.00 18.10 percent Aug 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
12.00 18.10 22.50 -13.30 2000 - 2022 percent Monthly

News Stream
Taiwan Retail Sales Activity Loses Further Steam
Retail sales in Taiwan rose by 12% year-on-year in August of 2022, following an upwardly revised 18.1% advance in the previous month, amid fading low base-year effects. Sales increased at a slower pace in several categories, primarily textiles & clothing (30.2% vs 79.7% in July); cultural & recreation goods (23.7% vs 50.6%); household appliances (6.6% vs 21.9%), construction materials (0.8% vs 11.5%) and fuels (11.2% vs 21.1%). On the contrary, sales increased faster for food, beverages & tobacco (13.1% vs 9.8%) and motor vehicles, motorcycles and related parts and accessories (11.4% vs 3.1%), while they rebounded for information and communications equipment and electrical household appliance (3.4% vs -1.5%). On a monthly basis, retail sales ticked down by 0.1%, following an upwardly revised 9.9% jump in the prior month.
2022-09-23
Taiwan Retail Sales Growth Slows in July
Retail sales in Taiwan advanced by 17.2 percent year-on-year in July of 2022, following an unprecedented 22.5 percent rise in the previous month, amid fading low base year effects. Sales increased at a slower pace mostly for textiles and clothing (77.3 percent vs 130.7 percent in June); household appliances and goods (24.1 percent vs 55.8 percent); construction materials (10.6 percent vs 30.9 percent) and motor vehicle, motorcycles, and parts (3.8 percent vs 13.7 percent). Additionally, sales of information and communication equipment & electrical household appliance decreased further (-2.1 percent vs -1.4 percent). On a monthly basis, retail sales jumped 9 percent, after a downwardly revised 1.2 percent increase in the previous month.
2022-08-23
Taiwan Retail Sales Surge at Record Pace
Retail sales in Taiwan surged at an unprecedented 22.5 percent year-on-year in June of 2022, up sharply from an upwardly revised 3.6 percent rise in the previous month. The record growth rate reflected low base year effets and the return of consumers to shops amid a slowing local pandemic. The fastest increases were seen in sales of textiles and clothing (130.7 percent vs 22.2 percent); followed by household appliances (55.8 percent vs 16.8 percent); cultural and recreation goods (53.7 percent vs 4.3 percent); fuel and related products (31.5 percent vs 10.5 percent); and construction materials (30.9 percent vs 12.9 percent). On a monthly basis, retail sales went up 1.9 percent, rebounding from a downwardly revised 6.2 percent drop in May.
2022-07-25