Retail Sales in China
China - Retail Sales
Growth in retail sales inches up in December
In December, nominal retail sales grew 8.2% on an annual basis, a slight acceleration from the 8.1% expansion registered in November. The print was above market expectations of an 8.1% increase and mostly reflected softer contractions in sales of automobiles and oil and oil-related products.
On a seasonally-adjusted basis, retail sales expanded 0.55% in December, edging up from the 0.50% increase in November. Meanwhile, annual average growth in retail sales inched down from 9.1% in November to 9.0% in December.
China Retail Sales Forecast
FocusEconomics Consensus Forecast participants expect retail sales to increase 9.3% in 2019, which is unchanged from last month’s estimate. In 2020, the panel foresees retail sales expanding 8.9%.
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 | 3.11 | -0.40 % | Jan 16 |
| Exchange Rate | 6.76 | -0.19 % | Jan 16 |
| Stock Market | 2,570 | -0.34 % | Jan 16 |
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Economic News
China: Economic growth continues to decelerate in Q4
January 21, 2019
In the final quarter of 2018, the Chinese economy expanded at the slowest pace since 2009 on the back of spillovers from financial deleveraging and downbeat economic sentiment due to the trade spat with the United States.
China: Growth in retail sales inches up in December
January 21, 2019
In December, nominal retail sales grew 8.2% on an annual basis, a slight acceleration from the 8.1% expansion registered in November.
China: Industrial production gains steam in December
January 21, 2019
Industrial production increased 5.7% year-on-year in December, up from the 5.4% rise registered in November and beating market expectations of 5.3%. December’s print marked a modest acceleration, as growth in the mining sector accelerated markedly in annual terms compared to the previous month.
China: Investment growth steadies in December
January 21, 2019
Urban fixed asset investment expanded 5.9% in 2018, unchanged from the result in the first 11 months of the year (2017: +7.2%).
China: Authorities set to boost fiscal and monetary stimulus in efforts to rekindle economic growth
January 18, 2019
Chinese authorities will implement further fiscal and monetary measures this year to tackle cooling domestic growth and spillovers from the ongoing trade war with the U.S. On 19–21 December, China’s top leadership met in Beijing at the annual Central Economic Work Conference (CEWC), which sets the tone of economic policies for the year. The top leadership emphasized that they will use “counter-cycle” macro policies to stabilize aggregate demand.
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