China: Retail sales slow in July
August 14, 2017
In July, nominal retail sales grew 10.4% year-on-year, below the 11.0% rise in June and the 10.8% expansion that market analysts had expected. July’s print mostly reflected weaker sales for cars, food and clothing.
Retail sales expanded a seasonally-adjusted 0.73% in July compared to the previous month, down from June’s 0.91% increase. Annual average growth in retail sales was 10.5% in July, unchanged from June’s print.