Taiwan’s retail sales growth hits 4-year high in 2018

Retail sales in Taiwan in 2018 grew more than 3% over 2017

Taiwan News  
Date: 2019/01/26
By:  Central News Agency

File Photo (By Central News Agency)

TAIPEI (CNA) — Retail sales in Taiwan grew more than 3 percent from a year earlier in 2018, boosted by high year-end spending that pushed December sales to their highest ever for the month, according to Ministry of Economic Affairs (MOEA) figures.

Taiwan’s retail sales rose 3.20 percent year-on-year in 2018 to a record high of NT$4.28 trillion (US$139 billion), MOEA data released this past week showed.

The pace of growth was the highest since 2014, when retail sales rose 3.9 percent. . The solid demand led to revenue gains across most distribution channels.

Department store sales were up 1.5 percent in 2018 from a year earlier to NT$339.7 billion, supermarket chain sales rose 5.9 percent to NT$221.9 billion, and convenience store revenues grew 6.3 percent to NT$337.5 billion, the data showed.

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