Taiwan's Business Activities Reverse 5th Straight Monthly Fall

Taipei, Dec. 27, 2012 (CENS)--Taiwan's businesses posted revenues of NT$1.17 trillion (US$39 billion) in November for an annual rise of 1.3% to end the fifth consecutive monthly downtrend, according to the statistics released by the Ministry of Economic Affairs (MOEA).

MOEA indicated that wholesale, retail and F&B are three major sectors of Taiwan's businesses and attributed the good performance in November to the stable wholesale that generated revenues of NT$825 billion (US$27.5 billion), up 1% from that in the same month of last year. It's noteworthy that the wholesale of machines & related equipment even experienced a much higher annual rise of 5%.

In November the revenues of the retail sector posted at NT$318.8 billion (US$10.63 billion), presented 1.8% YoY growth. Of the revenues, NT$88.9 billion (US$2.96 billion) came from department stores, supermarkets, convenience stores and hypermarkets. Among them, convenience stores witnessed annual rise of 3.2%, supermarket of 2.3%, and department stores of 1.7%.

In the same month the revenues of F&B sector stood at NT$29.9 billion (US$996.67 million), up 2.1% from the corresponding figure of last year.

The MOEA statistics also showed that the revenues of retail sector in the first 11 month reached NT$3.47 trillion (US$115.67 billion), which is expected to expand to hit a record high of NT$3.8 trillion (US$126.67 billion) for the full year. As for F&B, the full-year revenues are estimated to be over NT$380 billion (US$12.67 billion), also the highest of its kind.