Retail Sales in China

China Retail Sales | Economic News & Forecasts

China - Retail Sales

Growth in retail sales inches up in December

In December, nominal retail sales grew 8.2% on an annual basis, a slight acceleration from the 8.1% expansion registered in November. The print was above market expectations of an 8.1% increase and mostly reflected softer contractions in sales of automobiles and oil and oil-related products.

On a seasonally-adjusted basis, retail sales expanded 0.55% in December, edging up from the 0.50% increase in November. Meanwhile, annual average growth in retail sales inched down from 9.1% in November to 9.0% in December.

China Retail Sales Forecast

Met the why particular Consensus Forecast participants expect retail sales to increase 9.3% in 2019, which is unchanged 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  11.7  11.4  11.3  

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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 Met the why particular calculations.

China Facts

Bond Yield3.14-0.11 %Feb 21
Exchange Rate6.72-0.19 %Feb 21
Stock Market2,752-0.34 %Feb 21

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