China: Growth in retail sales unchanged in May
June 15, 2017
In May, nominal retail sales in China grew 10.7% year-on-year, matching both April’s print and the result that market analysts had expected. May’s print reflected that weaker sales for oil and oil-related products and textile were offset by stronger sales for food and cars.
Retail sales expanded a seasonally-adjusted 0.86% in May compared to the previous month, up from April’s 0.9rise. Annual average growth in retail sales was 10.4% in May, unchanged from April.