China Retail December 2016

China

China: Retail sales accelerate again in December

January 20, 2017

In December, nominal retail sales in China grew 10.9% year-on-year, a twelve-month high, which was above the 10.8% increase in November. The print came in above the 10.7% increase that market analysts had expected and was mainly the result of stronger sales for automobiles, oil and oil-related products, and food and beverages.

Compared to the previous month, retail sales expanded a seasonally-adjusted 0.89% in December (November: +0.98% month-on-month). Following an uninterrupted downward trajectory since 2012, the trend now seems to be towards stabilization. Annual average growth in retail sales remained at 10.4% for the third consecutive month in December.

FocusEconomics Consensus Forecast participants expect retail sales to increase 10.1% in 2017, which is down 0.3 percentage points from last month’s estimate. In 2018, the panel foresees retail sales expanding 10.0%.


Author: Ricard Torné, Lead Economist

Sample Report

Looking for forecasts related to Retail in China? Download a sample report now.

Download




China Economic News

  • China: Credit and money data paint mixed picture in November

    December 11, 2018

    In November, Chinese banks distributed CNY 1.25 trillion (USD 182 billion) in new yuan loans, well above the CNY 697 billion distributed in October and market expectations of CNY 1.10 trillion.

    Read more

  • China: Inflation slows in November

    December 10, 2018

    Consumer prices fell 0.3% from the previous month in November, contrasting October’s 0.2% increase and marking the lowest print in eight months.

    Read more

  • China: Manufacturing sector slows to a standstill in November, PMI inches down to over two-year low

    November 30, 2018

    The manufacturing purchasing managers’ index (PMI) published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) edged down to an over two-year low of 50.0% in November from 50.2% in October, undershooting market expectations of a stable 50.2% reading.

    Read more

  • China: Growth in house prices inches up in October

    November 15, 2018

    House prices in 70 large- and medium-sized cities rose 1.0% in October in month-on-month terms according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS).

    Read more

  • China: Industrial production growth inches up in October

    November 14, 2018

    Industrial production expanded 5.9% year-on-year in October, up from a 5.8% rise in September and overshooting market expectations of 5.8%. October’s print mainly reflected faster growth in the mining and manufacturing sectors, while the dynamics in the production and distribution of electricity, heating power, gas and water softened compared to September. On a month-on-month basis, industrial production increased 0.48% in seasonally-adjusted terms in October, unchanged from September’s expansion.

    Read more

More news

Search form