China's retail trade declined by 7.5 percent year-on-year in April 2020, compared with market consensus of a 7 percent drop and after a 15.8 percent slump in the prior month. This was the weakest fall in retail trade since a rise in December last year, amid cautiousness among households in the wake of coronavirus crisis. Sales declined less for garments (-18.5 percent vs -34.8 percent in March), jewelry (-12.1 percent vs -30.1 percent), home appliances (-8.5 percent vs -29.7 percent), furniture (-5.4 percent vs -22.7 percent), oil, oil products (-14.1 percent vs -18.8 percent), building materials (-5.8 percent vs -13.9 percent). Meanwhile, sales of automobiles were flat, after an 18.1 percent fall in March. At the same time, sales grew faster for personal care (8.3 percent vs 0.3 percent), office supplies (6.5 percent vs 6.1 percent), and telecoms (12.2 percent vs 6.5 percent), while rebounded for cosmetics (3.5 percent vs -11.6 percent).
Retail Sales YoY in China averaged 13.33 percent from 1993 until 2020, reaching an all time high of 37.40 percent in December of 1993 and a record low of -20.50 percent in January of 2020. This page provides - China Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: National Bureau of Statistics of China
Retail Sales YoY in China is expected to be 7.80 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 7.50 in 12 months time. In the long-term, the China Retail Sales YoY is projected to trend around 7.50 percent in 2021 and 8.00 percent in 2022, according to our econometric models.