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MNI BRIEF: Taiwan's Retail Sales Recovery Slows In Oct

MNI (Beijing)

Taiwan retail sales increased 2.1% y/y in Oct, slowing from double digit rates of growth over recent months, according to data released by the Ministry of Economic Affairs on Wednesday.

Retail sales were up 7.7% m/m, with spending on household appliances and goods in specialized stores up 19.4%, partially offset by a decrease in pharmaceutical and medical goods of 4.7%. Sales of food and beverage increased 13.8% y/y in October, as event catering and other food service activities increased 27%.

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Taiwan retail sales increased 2.1% y/y in Oct, slowing from double digit rates of growth over recent months, according to data released by the Ministry of Economic Affairs on Wednesday.

Retail sales were up 7.7% m/m, with spending on household appliances and goods in specialized stores up 19.4%, partially offset by a decrease in pharmaceutical and medical goods of 4.7%. Sales of food and beverage increased 13.8% y/y in October, as event catering and other food service activities increased 27%.

Keep reading...Show less