Focus Taiwan
Date: 2018/11/24
By: Liao Yu-yang and Frances Huang
Taipei, Nov. 24 (CNA) The retail sector in Taiwan felt the impact from volatility in the 
local stock market, seeing revenue growth failing to meet an earlier forecast, according to the Ministry of Economic Affairs (MOEA).
Data compiled by the MOEA showed retail sales for October rose only 0.9 percent from a year earlier to NT$371.5 billion (US$12.02 billion), and the growth was shy of the ministry’s earlier forecast of a 1.5 percent increase.
The October retail sales growth also moderated from a 3.0 percent increase in September, the data indicated.
The MOEA said a tumble in the local equity market undermined consumer sentiment and kept them from spending more, which capped or even sent revenue in major merchandisers lower in the month. [FULL STORY]
