City skyline in China

China Retail July 2018

China: Growth in retail sales decelerates in July

In July, nominal retail sales grew 8.8% on an annual basis, a slight deceleration from the 9.0% expansion registered in June and undershooting market expectations of a 9.1% increase. July’s print was driven by a broad-based moderation, with catering, garments and home electronic and video appliances registering softer growth in sales compared to June. Sales of petroleum and petroleum-related products, however, increased at a stronger pace in July than in June. Meanwhile, car sales continued to contract in July, albeit at a gentler pace.

On a seasonally-adjusted basis, retail sales expanded 0.67% in July, edging down from the 0.74% increase in June. Annual average growth in retail sales inched down from 9.7% in June to 9.6% in July.

China Retail Sales Forecast

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest