By Natasha Li / Staff reporterRevenue in the retail sector grew 5.4 percent year-on-year last month to NT$343.4 billion (US$11.4 billion), data published by the Ministry of Economic Affairs showed yesterday. The retail sector was also bolstered by strong automobile sales, which surged 12.7 percent year-on-year to NT$57.5 billion, the ministry said. Retail sector sales are predicted to grow by 2 to 5 percent year-on-year this month, the report said. Revenue in the food and beverage sector increased 5.7 percent annually last month to NT$63.7, driven by restaurant sales of NT$52.3 billion, a 6.3 percent year-on-year increase, it said. Wholesale sector revenue decreased 2.5 percent year-on-year to NT$860.7 billion last month, the report showed.

Source: Taipei Times December 23, 2019 15:56 UTC