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China Retail November 2020

China: Retail sales growth gains steam in November

Retail sales grew 5.0% year-on-year in November (October: +4.3% yoy). November’s result marked the strongest expansion since December 2019.

On a seasonally-adjusted monthly basis, retail sales rose at a quicker rate of 1.3% in November (October: +0.7% mom). Meanwhile, the trend pointed down, with the annual average variation of retail sales coming in at minus 4.1% in November, down from October’s minus 3.8% reading.

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