Taiwan retail sector suffers sluggish revenue growth in March 2017

Taiwan department stores, clothing and restaurant industry report lower revenues in March 2017

Taiwan News
Date: 2017/04/24
By: Judy Lin, Taiwan News, Staff Reporter

TAIPEI (Taiwan News)—Despite Taiwan’s wholesale sector revenue increasing 6.1

Consumers lining up at U.S. clothing brand GAP shop in Far Eastern Department Store in Hsinchu City.(By Central News Agency)

percent year-on-year (YoY) to NT$833.2 billion (US$27.53 billion) in March 2017, the retail sector including department stores, restaurant and hospitably, and luxury product sellers reported weak earnings during the same period, according to statistics released by Ministry of Economic Affairs (MOEA) on Monday.

Wholesale revenue during the first quarter of 2017 reached the highest growth recorded in the last six years, up 6 percent YoY to NT$2.33 trillion, said Wang Shu-chuan (王淑娟), deputy director at Department of Statistics at MOEA.

The nation’s wholesale revenue growth was largely supported by machinery industry, which increased 7.6 percent YoY to NT$340.5 billion, and construction industry’s 13.4 percent YoY to NT$67.4 billion.    [FULL  STORY]

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