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.