City skyline in China

China Retail November 2018

China: Growth in retail sales decelerates to multi-year low in November

In November, nominal retail sales grew 8.1% on an annual basis, a deceleration from the 8.6% expansion registered in October and the lowest reading since 2003. The print was well below market expectations of an 8.8% increase. November’s print was driven by a fall in sales of automobiles as well as weaker sales of catering- and petroleum-related products.

On a seasonally-adjusted basis, retail sales expanded 0.51% in November, edging down from the revised 0.63% increase in October (previously reported: +0.64% month-on-month). Meanwhile, annual average growth in retail sales inched down from 9.3% in October to 9.1% in November.

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