Retail Sales in China

China Retail Sales | Economic News & Forecasts

China - Retail Sales

Retail sales rebound in June

Retail sales grew 3.1% year on year in June (May: -6.7% yoy). Growth was recorded in sectors such as food, clothing, IT, fuel and vehicles. However, subsectors such as furniture and construction and decoration materials saw contractions, likely a reflection of the ongoing downturn in the housing market.

On a monthly basis, retail sales increased 0.5% in seasonally-adjusted terms in June, which was better than May’s flat reading and marked the best result since December 2021. Meanwhile, the trend improved, with the annual average growth of retail sales coming in at 7.3% in June, up from May's 4.5%.

Our panelists see retail sales rising 6.5% in 2022, down 0.1 percentage points from last month’s forecast, and 9.0% in 2023.

China - Retail Sales Data

2015   2016   2017   2018   2019  
Retail Sales (annual variation in %)10.7  10.4  10.3  9.0  8.1  

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China Retail Sales Chart

China Retail
Note: Annual variation of retail sales in %.
Source: National Bureau of Statistics of China and FocusEconomics calculations.

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Value Change Date
Bond Yield3.17-0.40 %Dec 31
Exchange Rate6.96-0.19 %Jan 01

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