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China Retail October 2020

China: Retail sales record quickest growth since December 2019 in October

Retail sales expanded 4.3% year-on-year in October (September: +3.3% yoy). The reading marked the strongest rise since December 2019.

On a seasonally-adjusted monthly basis, retail sales rose at a more moderate pace of 0.7% in October (September: +3.3% mom). Meanwhile, the trend pointed down, with the annual average variation of retail sales coming in at minus 3.8%, down from September’s minus 3.6% reading.

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