China Retail April 2016


China: The expansion in retail sales in April moderates to a one-year low

May 14, 2016

In April, nominal retail sales grew 10.1% year-on-year, which was below the 10.5% increase tallied in March. The reading fell short of the 10.6% increase market analysts had expected and represented a 12-month low. Weaker sales for oil and related products as well as for automobiles were behind the deceleration.

Compared to the previous month, retail sales expanded a seasonally-adjusted 0.80% in April (March: +0.86% month-on-month). As a result of the moderation observed in April, annual average growth in retail sales stabilized at last month’s 10.6%.

FocusEconomics Consensus Forecast participants expect retail sales to increase 10.7% in 2016, which is unchanged from last month’s estimate. In 2017, the panel also foresees an expansion in retail sales of 10.7%.

Author: Ricard Torné, Lead Economist

Sample Report

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


China Retail Chart

China Retail April 2016

Note: Month-on-month changes of seasonally adjusted nominal retail sales index and year-on-year variation in %. Owing to seasonal factors related to the Lunar New Year, annual figures for January and February are reported together.
Source: National Bureau of Statistics of China (NBS) and FocusEconomics calculations.

China Economic News

More news

Search form