China: Retail sales accelerate in November
December 14, 2017
In November, nominal retail sales grew 10.2% year-on-year, above the 10.0% rise in October and in line with market expectations. November’s higher print compared to October mostly reflected stronger sales for oil and oil-related products, clothes and household appliances.
Retail sales expanded a seasonally-adjusted 0.83% in November compared to the previous month, up from October’s 0.77% increase. Annual average growth in retail sales was stable at October’s 10.4% in November.