Retail Sales in China
China - Retail Sales
Growth in retail sales accelerates to five-month high in September
In September, nominal retail sales grew 9.2% on an annual basis, an acceleration from the 9.0% expansion registered in August and the highest reading in five months. The print was above market expectations of a 9.0% increase. September’s print was driven by stronger sales of household appliances and clothing and footwear. Despite decelerating slightly, sales of petroleum and petroleum-related products remained robust in September. Meanwhile, car sales contracted at a fastest pace in September.
On a seasonally-adjusted basis, retail sales expanded 0.80% in September, edging down from the 0.82% increase in August. Annual average growth in retail sales inched down from 9.5% in August to 9.4% in September.
China Retail Sales Forecast
FocusEconomics Consensus Forecast participants expect retail sales to increase 9.5% in 2019, which is down 0.2 percentage points from last month’s estimate. In 2020, the panel sees retail sales expanding 9.2%.
China - Retail Sales Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | 13.1 | 12.0 | 10.7 | 10.4 | 10.3 |
China Retail Sales Chart
Source: National Bureau of Statistics of China and FocusEconomics calculations.
China Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.50 | -0.40 % | Nov 09 |
| Exchange Rate | 6.96 | -0.19 % | Nov 09 |
| Stock Market | 2,599 | -0.34 % | Nov 09 |
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Economic News
China: Inflation stabilizes in October
November 9, 2018
Consumer prices rose 0.2% from the previous month in October, down from September’s 0.7% increase.
China: Export growth accelerates in October to beat higher tariffs in 2019
November 8, 2018
Export growth accelerated from 14.5% in September to 15.6% in October.
China: Manufacturing PMI falls to an over two-year low in October
October 31, 2018
The manufacturing purchasing managers’ index (PMI) published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) inched down to an over two-year low of 50.2% in October from 50.8% in September.
China: Growth in house prices decelerates in September
October 20, 2018
House prices in 70 large- and medium-sized cities rose 0.9% in September in month-on-month terms according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS).
China: The weakest performance since the financial crisis in the third quarter spells sharper Chinese slowdown
October 19, 2018
The Chinese economy decelerated further in the third quarter as the effects of aggressive financial deleveraging bogged down growth.
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