Retail Sales in China
China - Retail Sales
Retail sales growth plummets in April
In April, nominal retail sales grew 7.2% on an annual basis, which represented the weakest reading since 2003. The print was well below both the 8.7% increase in March and market expectations of an 8.6% rise.
April’s deceleration reflected weaker sales of oil and oil-related products and household appliances as well as a contraction in clothing and footwear. Conversely, the decline in automobile sales softened in April.
On a seasonally-adjusted basis, retail sales expanded 0.47% in April, down from the 0.79% increase in March. Meanwhile, annual average growth in retail sales inched down from 8.7% in March to 8.5% in April.
FocusEconomics Consensus Forecast participants expect retail sales to increase 8.7% in 2019, which is down 0.1 percentage points from last month’s estimate. In 2020, the panel foresees retail sales expanding 8.5%.
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 | 3.32 | -0.40 % | May 13 |
| Exchange Rate | 6.88 | -0.19 % | May 13 |
| Stock Market | 2,904 | -0.34 % | May 13 |
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Economic News
China: Growth in house prices stabilizes in April
May 16, 2019
House prices in 70 large- and medium-sized cities rose 0.6% in April 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: Retail sales growth plummets in April
May 15, 2019
In April, nominal retail sales grew 7.2% on an annual basis, which represented the weakest reading since 2003.
China: Industrial production growth moderates sharply in April
May 15, 2019
Industrial production increased 5.4% year-on-year in April, well below the 8.5% rise registered in March.
China: Investment growth slows in January–April
May 15, 2019
Urban fixed asset investment expanded 6.1% year-to-date in April, below the 6.3% increase in January–March.
China: Inflation climbs to six-month high in April
May 9, 2019
Consumer prices rose 0.1% from the previous month in April, contrasting March’s 0.4% decrease.
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