Taiwan: Retail sales Y-on-Y
* indicates monthly or quarterly data series
The most recent value is 0.84 percent as of July 2024, a decline compared to the previous value of 1.52 percent. Historically, the average for Taiwan from January 2000 to July 2024 is 1.31 percent. The minimum of -15.24 percent was recorded in June 2021, while the maximum of 20.11 percent was reached in January 2011.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Ministry of Economic Affairs of Taiwan
| Recent values | Taiwan: Retail sales Y-on-Y |
|---|---|
| 2024 Jul | 0.84 |
| 2024 Jun | 1.52 |
| 2024 May | 0.62 |
| 2024 Apr | 0.23 |
| 2024 Mar | -4.31 |
| 2024 Feb | 1.11 |
| 2024 Jan | -6.85 |
| 2023 Dec | -6.41 |
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Definition: The retail sales Y-on-Y is an aggregated measure of the sales of retail goods over a stated period. Because retail sales are a measure of consumer demand for finished goods, they are a leading macroeconomic indicator of the pulse of an economy and its projected path toward expansion or contraction.
Retail sales Y-on-Y is calculated as the percent change in the Retail sales index from the same month the previous year.
The Retail sales Y-on-Y measures only volume changes, i.e. price level changes are excluded.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | -6.67 | 9/2023 | percent |
| Retail sales | 105.89 | 9/2023 | index points |
| Retail sales Y-on-Y | -1.54 | 9/2023 | percent |
| Consumer confidence survey | 66.73 | 9/2023 | points |
| Purchasing Managers Index (PMI), manufacturing | 46.40 | 9/2023 | index points |