Reported 11 months ago
Economic Affairs Department reported that in May, both the retail and food & beverage industries in Taiwan achieved record-high sales, with retail industry's revenue increasing by 2.4% year-on-year, experiencing a 33-month growth streak, demonstrating strong domestic demand. The Deputy Director of the Statistics Department, Huang Weijie, mentioned that the domestic consumption market was active, leading to new highs in both industries' revenues. Wholesale sector also saw growth in May, with a 12.6% year-on-year increase, mainly fueled by the expansion of emerging applications like AI and high-performance computing. There is optimism for continued positive development if unforeseen circumstances do not arise.
Source: YAHOO