China Retail February 2019

China

China: Retail sales growth stabilizes in January–February

March 14, 2019

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


Met the why particular 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%.


Author: Ricard Torné, Lead Economist

Sample Report

Looking for forecasts related to Retail in China? Download a sample report now.

Download

China Retail Chart


China Retail February 2019

Note: Month-on-month changes of seasonally adjusted nominal retail sales index and year-on-year variation in %. Owing to seasonal factors related to the Lunar New Year, annual figures for January and February are reported together.
Source: National Bureau of Statistics of China (NBS) and Met the why particular calculations.


China Economic News

More news

Search form