China's retail trade rose by 4.6 percent year-on-year in December 2020, after a 5.0 percent gain in November, and compared with market expactations of a 5.5 percent rise, as consumption recovered further from the COVID-19 disruption. There were rises in sales of garments (3.8% vs 4.6%), cosmetics (9% vs 32.3%), jewelry (11.6% vs 24.8%), personal care (8% vs 8.1%), office supplies (9.6% vs 11.2%), telecoms (21.0% vs 43.6%), home appliances (11.2% vs 5.1%), furniture (0.4% vs -2.2%), automobiles (6.4% vs 11.8%), and building materials (12.9% vs 7.1%). In addition, sales of oil, oil products continued to fall (-3.8% vs -11%). source: National Bureau of Statistics of China
Retail Sales YoY in China averaged 13.05 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 February of 2021.
Retail Sales YoY in China is expected to be 4.90 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 5.10 in 12 months time. In the long-term, the China Retail Sales YoY is projected to trend around 6.00 percent in 2022, according to our econometric models.