China: Growth in retail sales jumps to over one-year high in June
July 17, 2017
In June, nominal retail sales grew 11.0% year-on-year, above the 10.7% rise in May and the 10.6% expansion that market analysts had expected. June’s print, which marked the fastest acceleration since January 2016, mostly reflected stronger sales for cars and food.
Retail sales expanded a seasonally-adjusted 0.93% in June compared to the previous month, up from May’s 0.87% increase. Annual average growth in retail sales was 10.5% in June, up from May’s 10.4%.