China's retail sales increased by 8.7 percent year-on-year in March 2019, faster than a 8.2 percent gain in the previous period and above market expectations of a 8.4 percent gain. It was the largest rise in retail trade since September last year, as sales advanced further garments (6.6 percent vs 1.8 percent in January-February); cosmetics (14.4 percent vs 8.9 percent); personal care (16.6 percent vs 15.9 percent); home appliances (15.2 percent vs 3.3 percent); furniture (12.8 percent vs 0.7 percent); oil & oil products (7.1 percent vs 2.5 percent); telecoms (13.8 percent vs 8.2 percent); and building materials (10.8 percent vs 6.6 percent). In contrast, sales fell for both jewelry (-1.2 percent vs 4.4 percent), and office supplies (-4 percent vs 8.8 percent). Considering the first quarter of 2019, retail sales grew by 8.3 percent from the corresponding period a year earlier. Retail Sales YoY in China averaged 13.86 percent from 1993 until 2019, reaching an all time high of 37.40 percent in December of 1993 and a record low of 4.30 percent in May of 2003.

Retail Sales YoY in China is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in China to stand at 8.00 in 12 months time. In the long-term, the China Retail Sales YoY is projected to trend around 8.00 percent in 2020, according to our econometric models.

China Retail Sales YoY
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-14 02:00 AM Retail Sales YoY 8.1% 8.6% 8.8% 8.4%
2019-01-21 02:00 AM Retail Sales YoY 8.2% 8.1% 8.2% 8.3%
2019-03-14 02:00 AM Retail Sales YoY 8.2% 8.2% 8.1% 8.1%
2019-04-17 02:00 AM Retail Sales YoY 8.7% 8.2% 8.4% 8.2%
2019-05-15 02:00 AM Retail Sales YoY 8.7% 8.1%
2019-06-14 02:00 AM Retail Sales YoY 8%
2019-07-15 02:00 AM Retail Sales YoY 8%


China Consumer Last Previous Highest Lowest Unit
Consumer Confidence 126.00 123.70 126.00 97.00 Index Points [+]
Retail Sales MoM 0.91 0.74 1.57 0.10 percent [+]
Retail Sales YoY 8.70 8.20 37.40 4.30 percent [+]
Consumer Spending 317509.70 293443.10 317509.70 453.00 CNY HML [+]
Disposable Personal Income 39251.00 36396.19 39251.00 343.40 CNY [+]
Personal Savings 37.10 38.00 39.00 27.20 percent [+]
Bank Lending Rate 4.35 4.35 12.06 4.35 percent [+]
Consumer Credit 379244.44 379361.60 379361.60 59105.90 CNY HML [+]
Gasoline Prices 0.77 0.78 1.37 0.27 USD/Liter [+]
Households Debt To GDP 51.50 50.30 51.50 10.80 percent of GDP [+]
Consumer Confidence Current Conditions 108.50 107.90 123.50 90.00 [+]
Consumer Confidence Economic Expectations 116.40 114.70 128.40 96.40 [+]


China Retail Sales YoY

In China, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago. This page provides - China Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Retail Sales YoY - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
8.70 8.20 37.40 4.30 1993 - 2019 percent Monthly




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