Retail Sales in China
China - Retail Sales
Retail sales growth stabilizes in January–February
In January–February, nominal retail sales grew 8.2% on an annual basis, unchanged from December’s reading. Moreover, the print was in line with market expectations and mostly reflected that a softer contraction in sales of automobiles was offset by weaker growth in sales of oil and oil-related products and household appliances.
On a seasonally-adjusted basis, retail sales expanded 0.81% in February, broadly unchanged from the 0.82% increase in January. Meanwhile, annual average growth in retail sales inched down from 8.9% in January to 8.8% in February.
China Retail Sales Forecast
FocusEconomics Consensus Forecast participants expect retail sales to increase 9.1% in 2019, which is down 0.2 percentage points 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 | 3.17 | -0.40 % | Mar 11 |
| Exchange Rate | 6.73 | -0.19 % | Mar 11 |
| Stock Market | 3,027 | -0.34 % | Mar 11 |
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Economic News
China: Growth in house prices inches down in February
March 15, 2019
House prices in 70 large- and medium-sized cities rose 0.5% in February 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: Top leadership lowers GDP growth target as the country faces “tough” economic challenges ahead
March 15, 2019
China’s top leadership expects a challenging year amid cooling domestic growth and the trade dispute with the United States as highlighted by the annual gathering of the National People’s Congress’ (NPC), which ran from 5 to 15 March.
China: Retail sales growth stabilizes in January–February
March 14, 2019
In January–February, nominal retail sales grew 8.2% on an annual basis, unchanged from December’s reading.
China: Industrial production loses momentum at the outset of the year
March 14, 2019
Industrial production increased 5.3% year-on-year in January–February, down from the 5.7% rise registered in December.
China: Investment growth inches up in January–February
March 14, 2019
Urban fixed asset investment expanded 6.1% year-to-date in the first two months of the year, slightly above the 5.9% increase in 2018 and the highest reading since May 2018.
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