Retail Sales in China

China Retail Sales | Economic News & Forecasts

China - Retail Sales

Growth in retail sales accelerates to five-month high in September

In September, nominal retail sales grew 9.2% on an annual basis, an acceleration from the 9.0% expansion registered in August and the highest reading in five months. The print was above market expectations of a 9.0% increase. September’s print was driven by stronger sales of household appliances and clothing and footwear. Despite decelerating slightly, sales of petroleum and petroleum-related products remained robust in September. Meanwhile, car sales contracted at a fastest pace in September.

On a seasonally-adjusted basis, retail sales expanded 0.80% in September, edging down from the 0.82% increase in August. Annual average growth in retail sales inched down from 9.5% in August to 9.4% in September.

China Retail Sales Forecast

FocusEconomics Consensus Forecast participants expect retail sales to increase 9.5% in 2019, which is down 0.2 percentage points from last month’s estimate. In 2020, the panel sees retail sales expanding 9.2%.

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 Yield3.50-0.40 %Nov 09
Exchange Rate6.96-0.19 %Nov 09
Stock Market2,599-0.34 %Nov 09

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