Retail Sales in China

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 |
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 % | Dec 31 |
Exchange Rate | 6.96 | -0.19 % | Jan 01 |
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