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.

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China Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
-7.50 -15.80 37.40 -20.50 1993 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-01-17 02:00 AM Dec 8% 8% 7.8% 7.5%
2020-03-16 02:00 AM Jan-Feb -20.5% 8% 0.8% 0.5%
2020-04-17 02:00 AM Mar -15.8% -20.5% -10% -12.2%
2020-05-15 02:00 AM Apr -7.5% -15.8% -7% -9.3%
2020-06-15 02:00 AM May -7.5%
2020-07-16 02:00 AM Jun 7.7%
2020-08-14 02:00 AM Jul
2020-09-15 02:00 AM Aug


News Stream
China Retail Sales Fall More than Expected
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).
2020-05-15
China Retail Sales Drop More than Expected
China's retail trade declined by 15.8 percent year-on-year in March 2020, following a 20.5 percent slump in January-February and compared to market expectations of a 10 percent fall, as consumers remained cautious amid the coronavirus crisis. Sales continued to decline for most categories: garments (-34.8 percent vs -30.9 percent in January-February); cosmetics (-11.6 percent vs -14.1 percent); jewelry (-30.1 percent vs -41.1 percent); home appliances (-29.7 percent vs -30 percent); furniture (-22.7 percent vs -33.5 percent); oil, oil products (-18.8 percent vs -26.2 percent); automobiles (-18.1 percent vs -37 percent); and building materials (-13.9 percent vs -30.5 percent). In contrast, sales rebounded for personal care (0.3 percent vs -6.6 percent), office supplies (6.1 percent vs -8.9 percent), and telecoms (6.5 percent vs -8.8 percent).
2020-04-17
China Retail Sales Post 1st Decline on Record
China's retail trade slumped 20.5 percent year-on-year in January-February 2020, the first drop since the series began in 1993 and missing market consensus of a 0.8 percent rise, as consumers were afraid to go to crowded places like shopping malls, restaurants and movie theaters, amid the rapid spread of the Covid-19 outbreak. Sales declined for all categories: garments (-30.9 percent); cosmetics (-14.1 percent); jewelry (-41.1 percent); personal care (-6.6 percent); home appliances (-30 percent); office supplies (-8.9 percent); furniture (-33.5 percent); telecoms (-8.8 percent); oil, oil products (-26.2 percent); automobiles (-37 percent); and building materials (-30.5 percent).
2020-03-16
China Retail Sales Growth Above Forecasts in December
China's retail trade growth stood at 8 percent year-on-year in December 2019, unchanged from the previous month's five-month high and above market expectations of a 7.8 percent increase. Sales rose for most categories: garments (1.9 percent vs 4.6 percent in November); cosmetics (11.9 percent vs 16.8 percent), jewelry (3.7 percent vs -1.1 percent), personal care (13.9 percent vs 17.5 percent), home appliances (2.7 percent vs 9.7 percent), furniture (1.8 percent vs 6.5 percent), telecoms (8.8 percent vs 12.1 percent), oil, oil products (4 percent vs 0.5 percent), automobiles (1.8 percent vs -1.8 percent) and building materials (0.6 percent vs -0.3 percent). In contrast, sales of office supplies fell 11.5 percent, compared to a 4.6 percent advance in November. For full 2019, retail sales also increased 8.0 percent over a year earlier.
2020-01-17

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.