Retail Sales in China
China - Retail Sales
Growth in retail sales accelerates timidly in August
In August, nominal retail sales grew 9.0% on an annual basis, a slight acceleration from the 8.8% expansion registered in July. The print was above expectations of a 8.8% increase. August’s print was driven by stronger sales of household appliances and construction materials. Sales of petroleum and petroleum-related products increased at a stronger pace in August than in July. Meanwhile, car sales contracted at a fastest pace in August.
On a seasonally-adjusted basis, retail sales expanded 0.65% in August, edging down from the 0.69% increase in July. Annual average growth in retail sales inched down from 9.6% in July to 9.5% in August.
China Retail Sales Forecast
FocusEconomics Consensus Forecast participants expect retail sales to increase 10.0% in 2018, which is down 0.2 percentage points from last month’s estimate. In 2019, the panel sees retail sales expanding 9.9%.
China - Retail Sales Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | 13.1 | 12.0 | 10.7 | 10.4 | 10.3 |
China Retail Sales Chart
Source: National Bureau of Statistics of China and FocusEconomics calculations.
China Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.68 | -0.40 % | Sep 14 |
| Exchange Rate | 6.87 | -0.19 % | Sep 14 |
| Stock Market | 2,682 | -0.34 % | Sep 14 |
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Economic News
China: House prices increase at fastest pace in nearly two years in August
September 15, 2018
House prices in 70 large- and medium-sized cities rose 1.4% in August in month-on-month terms according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS).
China: Industrial production broadly stable in August
September 14, 2018
Industrial production expanded 6.1% annually in August, slightly above July’s 6.0% and matching market expectations. August’s print reflected an acceleration in electricity generation and mining output, while manufacturing production growth edged down. On a month-on-month basis, industrial production increased 0.52% in seasonally-adjusted terms in August, above July’s 0.47% expansion.
China: Free fall in investment growth continues in August
September 14, 2018
Urban fixed asset investment in China expanded 5.3% annually in the first eight months of the year, marking the lowest print on record since the early 1990s.
China: Growth in retail sales accelerates timidly in August
September 14, 2018
In August, nominal retail sales grew 9.0% on an annual basis, a slight acceleration from the 8.8% expansion registered in July.
China: Money and credit data paint a mixed picture in August
September 12, 2018
In August, Chinese banks distributed CNY 1.28 trillion (USD 190 billion) in new yuan loans, down from the CNY 1.45 trillion distributed in July but above market expectations of CNY 1.04 trillion.
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