Retail Sales in China
China - Retail Sales
Retail sales drop for fourth month in a row in April
Retail sales fell 7.5% year-on-year in April (March: -15.8% yoy). The print was below the 6.0% contraction that market analysts had expected.
The softer decline mostly reflected a flat reading in car sales as well as smaller contractions in sales of household appliances and clothing and footwear.
On a seasonally-adjusted monthly basis, retail sales rose at a softer pace of 0.32% in April (March: +0.38% mom). Meanwhile, the trend pointed down, with the annual average growth of retail sales coming in at 0.0% in April, down from March's 1.2%.
FocusEconomics Consensus Forecast participants expect retail sales to increase 1.1% in 2020, which is down 3.1 percentage points from last month’s estimate. In 2021, the panel foresees retail sales expanding 10.2%.
China - Retail Sales Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | 12.0 | 10.7 | 10.4 | 10.3 | 9.0 |
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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China: Retail sales drop for fourth month in a row in April
May 15, 2020
Retail sales fell 7.5% year-on-year in April (March: -15.8% yoy).
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