S.Korea's retail sale keeps double-digit growth in March

0 Comment(s)Print E-mail Xinhua, April 27, 2021
Adjust font size:

SEOUL, April 27 (Xinhua) -- South Korea's retail sale kept a double-digit growth in March, showing signs of recovery in private consumption, a government report showed Tuesday.

Revenue among offline retailers, including department stores, discount outlets and convenient stores, jumped 21.7 percent in March from a year earlier, according to the Ministry of Trade, Industry and Energy.

It marked the fastest increase in over 10 years since January 2011, keeping an upward trend after rising 14.3 percent in February.

The continued double-digit growth showed signs of the consumption recovery from an economic downturn, caused by the prolonged pandemic.

Revenue by department stores soared 77.6 percent in March from a year ago, with those for convenient stores and discount outlets expanding 10.7 percent and 2.1 percent each.

Revenue by online retailers advanced 15.2 percent in March on a yearly basis as people preferred to purchase items in the cyberspace amid the lingering worry about the pandemic. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter