Retail Sales in China

China Retail Sales | Economic News & Forecasts

China - Retail Sales

Retail sales drop at sharpest pace since May in October

Retail sales decreased 0.5% in year-on-year terms in October, which contrasted September's 2.5% increase and market expectations for a small expansion. October's result marked the worst reading since May, and was driven by lower sales across a range of subsectors, including catering, clothing, jewelry, furniture and building materials. Retail sales were weighed on by the worsening pandemic situation, and a depressed property sector hitting purchases of housing-related items.

On a monthly basis, retail sales dropped 0.7% in seasonally adjusted terms in October, contrasting September’s 0.1% expansion and marking the worst result since March.

China - Retail Sales Data

2015   2016   2017   2018   2019  
Retail Sales (annual variation in %)10.7  10.4  10.3  9.0  8.1  

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China Retail Sales Chart

China Retail
Note: Annual variation of retail sales in %.
Source: National Bureau of Statistics of China and FocusEconomics calculations.

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