Retail Sales in China

China Retail Sales | Economic News & Forecasts

China - Retail Sales

Retail sales growth accelerates in March

In March, nominal retail sales grew 8.7% on an annual basis, up from the 8.2% increase in January–February. Moreover, the print beat the 8.4% increase expected by market analysts and represented the strongest result in six months.

March’s acceleration reflected stronger sales of oil and oil-related products and household appliances. Conversely, the contraction in automobile sales deepened in March.

On a seasonally-adjusted basis, retail sales expanded 0.91% in March, up from the 0.74% increase in February. Meanwhile, annual average growth in retail sales inched down from 8.8% in February to 8.7% in March.

China Retail Sales Forecast

Met the why particular Consensus Forecast participants expect retail sales to increase 8.7% in 2019, which is down 0.1 percentage points from last month’s estimate. In 2020, the panel foresees retail sales expanding 8.5%.

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 %Jan 30
Exchange Rate6.72-0.19 %Jan 30
Stock Market2,576-0.34 %Jan 30

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