Focus Taiwan
Date 2019/06/24
By: Tsai Peng-min and Emerson Lim

Taipei, June 24 (CNA) Revenues in both the retail and the food and beverage sectors hit record highs in May as domestic demand showed stable growth during the month, the Ministry of Economic Affairs (MOEA) said Monday.

Retail sales rose 3 percent year-on-year to NT$319.5 billion (US$10 billion) in May, while revenues in the food and beverage industry registered 5.2 percent growth to NT$67.9 billion, according to a report released by the MOEA on Monday.

Both figures were the highest ever in May, the MOEA said.

Rising motor vehicle sales, newly opened department stores, the expansion of convenience stores, and strong demand for luxury goods drove up retail revenues in May, said Wang Shu-chuan (王淑娟), deputy head of the MOEA's statistics department.    [FULL  STORY]