Retail Sales in China

China Retail Sales | Economic News & Forecasts

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  

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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.

China Facts

Bond Yield3.17-0.40 %Mar 11
Exchange Rate6.73-0.19 %Mar 11
Stock Market3,027-0.34 %Mar 11

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