Retail sales in October are the highest on record for the month in Taiwan, retail growth slows slightly after September’s high mark
Taiwan News
Date: 2017/11/26
By: Taiwan News, Staff Writer
TAIPEI (Taiwan News) – The Ministry of Economic Affairs has announced that retail sales
Retail sales show steady year-to-year growth (Image: Pixabay)
in October are the highest on record for the month in Taiwan. The news comes upon improved economic forecasts for the country after the third quarter analysis for 2017.
Officials reported that Mid-Autumn Festival and the extended National Double Ten holiday encouraged consumers to spend more during the month.
The increase in retail sales also reflects a continued increase in year-to-year retail purchases for the third consecutive month over sales in 2016, reports the CNA.
However, retail growth has reportedly slowed slightly after its high mark of 4.3 percent growth in September. [FULL STORY]