Taiwan Retail Sales Grow For Second Month

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Taiwan’s retail sales rose for a second straight month in August, official data showed on Wednesday.

Retail sales grew 8.17 percent year-on-year following a revised 2.79 percent increase in July.

Automobile sales jumped 33.5 percent. Sales at non-specialized stores rose 5.7 percent, led by a 15.6 percent gain at convenience stores.

Online and mail-order sales increased 16.4 percent. Sales of fuel and related products decreased 14.9 percent.

Sales of food and beverage services grew 2 percent year-on-year in August. Wholesale trade sales edged up 0.1 percent, largely hurt by a 17 percent decline in the textile and clothing segment.

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