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.

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China Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
4.60 5.00 37.40 -20.50 1993 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-19 02:00 AM Sep 3.3% 0.5% 1.8% 1.7%
2020-11-16 02:00 AM Oct 4.3% 3.3% 4.9% 4.6%
2020-12-15 02:00 AM Nov 5% 4.3% 5.2% 4.4%
2021-01-18 02:00 AM Dec 4.6% 5% 5.5% 5.1%
2021-03-15 02:00 AM Jan-Feb 4.6%
2021-04-16 02:00 AM Mar
2021-05-17 02:00 AM Apr
2021-06-16 02:00 AM May


News Stream
China Retail Sales Growth Below Consensus
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%).
2021-01-18
China Retail Sales Below Forecasts
China's retail trade rose by 5.0 percent year-on-year in November 2020, after a 4.3 percent gain in October, and compared with market consensus of a 5.2% rise. This was the fastest growth in retail trade since December last year, as consumption recovered further from the COVID-19 disruption. Sales continued to grow for: automobiles (11.8 percent vs 12 percent in October); garments (4.6 percent vs 12.2 percent); personal care (8.1 percent vs 11.7 percent); cosmetics (32.3 percent vs 18.3 percent); office supplies (11.2 percent vs 11.7 percent); jewellery (24.8 percent vs 16.7 percent); home appliances (5.1 percent vs 2.7 percent); telecoms (43.6 percent vs 8.1 percent); and building materials (7.1 percent vs 4.2 percent). In contrast, sales fell for both furniture (-2.2 percent vs 1.3 percent); and oil, oil products (-11 percent vs -11 percent). From January to November, retail trade fell 4.8 percent.
2020-12-15
China Retail Sales Rise the Most in 10 Months
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.
2020-11-16
China Retail Sales Rise the Most So Far in 2020
China's retail trade rose by 3.3% year-on-year in September 2020, after a 0.5 percent gain in August and well above market expectations of a 1.8%. This was the second straight month of rise in retail trade and the biggest gain since December last year, as consumption continues to recover following the gradual loosening of COVID-19 restrictions. Sales rose further for most categories: automobiles (11.2% vs 11.8%); clothing and footwear (8.3% vs 4.2% in August); food and drinks (7.8% vs 4.2%); personal care (10.7% vs 11.4%); medicines (9.6% vs 6.2%); alcohol and tobacco (17.6% vs 3.1%); office supplies (12.2% vs 9.4%); cosmetics (13.7% vs 19%); and jewellery (13.1% vs 15.3%). Meantime, sales fell for home appliances (-0.5% vs 4.3%); telecoms (-4.6% vs 25.1%); furniture (-0.6% vs -4.2%); and oil, oil products (-11.8% vs -14.5%). From the January to September period, retail trade tumbled 7.2%.
2020-10-19

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.