Retail Sales in China

China Retail Sales | Economic News & Forecasts

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  

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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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