China's retail trade rose by 4.3 percent year-on-year in October 2020, the biggest increase since December last year but below market expectations of 4.9 percent. Consumption continued to recover from the COVID-19 shock, with sales rising for almost all categories: automobiles (12 percent vs 11.2 percent in September); garments (12.2 percent vs 8.3 percent); personal care (11.7 percent vs 10.7 percent); cosmetics (18.3 percent vs 13.7 percent); office supplies (11.7 percent vs 12.2 percent); jewelry (16.7 percent vs 13.1 percent); home appliances (2.7 percent vs -0.5 percent); telecoms (8.1 percent vs -4.6 percent); furniture (1.3 percent vs -0.6 percent); and building materials (4.2 percent vs 0.5 percent). Meanwhile, sales of oil, oil products continued to fall (-11 percent vs -11.8 percent). From January to October, retail trade tumbled 5.9 percent. source: National Bureau of Statistics of China
Retail Sales YoY in China averaged 13.10 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 December of 2020.
Retail Sales YoY in China is expected to be 1.50 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 4.20 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.