China's retail trade grew by 0.5 percent from a year earlier in August 2020, the first month of increase since December 2019 and compared with market consensus of a flat reading, as consumption started to recover following the gradual loosening of COVID-19 restrictions. Sales rose for most categories: garments (4.2 percent vs -2.5 percent in July); cosmetics (19 percent vs 9.2 percent); jewelry (15.3 percent vs 7.5 percent); home appliances (4.3 percent vs -2.2 percent); automobiles (11.8 percent vs 12.3 percent); personal care (11.4 percent vs 6.9 percent); office supplies (9.4 percent vs 0.5 percent); and telecoms (25.1 percent vs 11.3 percent). Meantime, sales continued to fall for furniture (-4.2 percent vs -3.9 percent), oil, oil products (-14.5 percent vs -13.9 percent), and building materials (-2.9 percent vs -2.5 percent). From the January to August period, retail trade tumbled 8.6%.

Retail Sales YoY in China averaged 13.16 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 September of 2020. source: National Bureau of Statistics of China

Retail Sales YoY in China is expected to be 0.70 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 3.30 in 12 months time. In the long-term, the China Retail Sales YoY is projected to trend around 4.50 percent in 2021 and 6.00 percent in 2022, according to our econometric models.

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China Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
0.50 -1.10 37.40 -20.50 1993 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-15 02:00 AM May -2.8% -7.5% -2% -2.6%
2020-07-16 02:00 AM Jun -1.8% -2.8% 0.3% 0.5%
2020-08-14 02:00 AM Jul -1.1% -1.8% 0.1% 0.5%
2020-09-15 02:00 AM Aug 0.5% -1.1% 0% 0.2%
2020-10-19 02:00 AM Sep 0.5% 0.7%
2020-11-16 02:00 AM Oct
2020-12-15 02:00 AM Nov


News Stream
China Retail Sales Rise for First Time in 8 Months
China's retail trade grew by 0.5 percent from a year earlier in August 2020, the first month of increase since December 2019 and compared with market consensus of a flat reading, as consumption started to recover following the gradual loosening of COVID-19 restrictions. Sales rose for most categories: garments (4.2 percent vs -2.5 percent in July); cosmetics (19 percent vs 9.2 percent); jewelry (15.3 percent vs 7.5 percent); home appliances (4.3 percent vs -2.2 percent); automobiles (11.8 percent vs 12.3 percent); personal care (11.4 percent vs 6.9 percent); office supplies (9.4 percent vs 0.5 percent); and telecoms (25.1 percent vs 11.3 percent). Meantime, sales continued to fall for furniture (-4.2 percent vs -3.9 percent), oil, oil products (-14.5 percent vs -13.9 percent), and building materials (-2.9 percent vs -2.5 percent). From the January to August period, retail trade tumbled 8.6%.
2020-09-15
China Retail Sales Unexpectedly Fall in July
China's retail trade declined by 1.1 percent year-on-year in July 2020, missing market expectations of a 0.1 percent rise. This was the seventh straight month of contraction in retail trade, with people continuing to avoid crowded places, including shops, restaurants, and cinemas amid the COVID-19 crisis. Sales were down for garments (-2.5 percent vs -0.1 percent in June), furniture (-3.9 percent vs -1.4 percent), home appliances (-2.2 percent vs 9.8 percent), oil, oil products (-13.9 percent vs -13 percent), and building materials (-2.5 percent vs 2.2 percent). In contrast, sales grew for cosmetics (9.2 percent vs 20.5 percent), jewelry (7.5 percent vs -6.8 percent), automobiles (12.3 percent vs -8.2 percent), personal care (6.9 percent vs 16.9 percent), office supplies (0.5 percent vs 8.1 percent), and telecoms (11.3 percent vs 18.8 percent). From the January to July period, retail trade tumbled 9.9 percent.
2020-08-14
China Retail Sales Unexpectedly Drop
China's retail trade declined by 1.8 percent year-on-year in June 2020, missing market expectations of a 0.3 percent rebound and following a 2.8 percent fall a month earlier. This was the sixth straight month of contraction in retail trade, with people avoiding crowded places, including shops, restaurants, and cinemas amid the COVID-19 crisis. Sales were down for garments (-0.1 percent vs -0.6 percent in May), jewelry (-6.8 percent vs -3.9 percent), furniture (-1.4 percent vs 3 percent), oil, oil products (-13 percent vs -14 percent), and automobiles (-8.2 percent vs 3.5 percent). Meantime, there were increases in sales of cosmetics (20.5 percent vs 12.9 percent), personal care (16.9 percent vs 17.3 percent), office supplies (8.1 percent vs 1.9 percent), home appliances (9.8 percent vs 4.3 percent), telecoms (18.8 percent vs 11.4 percent), and building materials (2.2 percent vs 1.9 percent). From the January to June period, retail trade slumped 11.4 percent.
2020-07-16
China Retail Sales Fall the Least in 5 Months
China's retail trade declined by 2.8 percent year-on-year in May 2020, compared to market expectations of a 2 percent drop and April's 7.5 percent fall. It was the smallest decrease in retail sales so far this year as the country gradually recovered from the coronavirus crisis. Sales continued to fall for garments (-0.6 percent vs -18.5 percent in April), jewelry (-3.9 percent vs -12.1 percent), and oil, oil products (-14 percent vs -14.1 percent). At the same time, there were rises in sales of cosmetics (12.9 percent vs 3.5 percent), personal care (17.3 percent vs 8.3 percent), office supplies (1.9 percent vs 6.5 percent), home appliances (4.3 percent vs -8.5 percent), furniture (3 percent vs -5.4 percent), building materials (1.9 percent vs -5.8 percent), automobiles (3.5 percent vs 0.0 percent), and telecoms (11.4 percent vs 12.2 percent).
2020-06-15

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.