China's retail sales increased by 8.2 percent from a year earlier in December 2018, following a 8.1 percent gain in the previous month and in line with expectations. Sales rose at a faster pace for garments (7.4 percent vs 5.5 percent in November); furniture (12.7 percent vs 8 percent); personal care (16.8 percent vs 16 percent); and home appliances (13.9 percent vs 12.5 percent). In addition, sales fell less for automobiles (-8.5 pct vs -10 percent); and telecoms (-0.9 percent vs -5.9 percent). Meanwhile, sales slowed for cosmetics (1.9 percent vs 4.4 percent); jewellery (2.3 percent vs 5.6 percent); oil, oil products (5.8 percent vs 8.5 percent); and building materials (8.6 percent vs 9.8 percent). Also, sales declined further for office supplies (-4 percent vs -0.4 percent). Considering the whole year of 2018, retail sales grew 9 percent compared to the same period 2017. Retail Sales YoY in China averaged 13.92 percent from 1993 until 2018, 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 8.20 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
2018-10-19 02:00 AM Retail Sales YoY 9.2% 9% 9% 8.5%
2018-11-14 02:00 AM Retail Sales YoY 8.6% 9.2% 9.1% 9.1%
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% 9.1%
2019-04-17 02:00 AM Retail Sales YoY 8.2%
2019-05-15 02:00 AM Retail Sales YoY 8.1%


China Consumer Last Previous Highest Lowest Unit
Consumer Confidence 123.00 122.10 124.60 97.00 Index Points [+]
Retail Sales MoM 0.55 0.50 1.57 0.14 percent [+]
Retail Sales YoY 8.20 8.10 37.40 4.30 percent [+]
Consumer Spending 317509.70 293443.10 317509.70 453.00 CNY HML [+]
Disposable Personal Income 36396.19 33616.25 36396.19 343.40 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 371852.08 367866.16 371852.08 59105.90 CNY HML [+]
Gasoline Prices 0.77 0.75 1.37 0.27 USD/Liter [+]
Households Debt To GDP 50.30 49.30 50.30 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
8.20 8.10 37.40 4.30 1993 - 2018 percent Monthly




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