China's retail trade rose by 12.1 percent year-on-year in June 2021, after a 12.4 percent gain in the previous month and compared with market expectations of 11 percent. This was the weakest rise in retail sales since December 2020, as consumption moderated during the latest COVID-19 outbreaks in some provinces. Sales rose at a slower pace for cosmetics (13.5 percent vs 14.6 percent in May), jewellery (26 percent vs 31.5 percent), automobiles (4.5 percent vs 6.3 percent), and building materials (19.1 percent vs 20.3 percent). Meantime, sales growth accelerated for garments (12.8 percent vs 12.3 percent), personal care (14 percent vs 13 percent), telecoms (15.9 percent vs 8.8 percent), home appliances (8.9 percent vs 3.1 percent), and furniture (13.4 percent vs 12.6 percent). In the first half of the year, retail sales jumped 23 percent compared to the same period of 2020. source: National Bureau of Statistics of China

Retail Sales YoY in China averaged 13.24 percent from 1993 until 2021, 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 July of 2021.

Retail Sales YoY in China is expected to be 4.20 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 4.00 in 12 months time. In the long-term, the China Retail Sales YoY is projected to trend around 4.00 percent in 2022 and 6.00 percent in 2023, according to our econometric models.

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China Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
12.10 12.40 37.40 -20.50 1993 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-16 02:00 AM Mar 34.2% 33.8% 28% 25%
2021-05-17 02:00 AM Apr 17.7% 34.2% 24.9% 26%
2021-06-16 07:00 AM May 12.4% 17.7% 13.6% 14.5%
2021-07-15 02:00 AM Jun 12.1% 12.4% 11% 11.1%
2021-08-16 02:00 AM Jul 12.1%
2021-09-15 02:00 AM Aug
2021-10-18 02:00 AM Sep
2021-11-15 02:00 AM Oct


News Stream
China Retail Sales Growth Slows to 6-Month Low
China's retail trade rose by 12.1 percent year-on-year in June 2021, after a 12.4 percent gain in the previous month and compared with market expectations of 11 percent. This was the weakest rise in retail sales since December 2020, as consumption moderated during the latest COVID-19 outbreaks in some provinces. Sales rose at a slower pace for cosmetics (13.5 percent vs 14.6 percent in May), jewelry (26 percent vs 31.5 percent), automobiles 4.5 percent vs 6.3 percent), and building materials (19.1 percent vs 20.3 percent). Meantime, sales growth accelerated for garments (12.8 percent vs 12.3 percent), personal care (14 percent vs 13 percent), telecoms (15.9 percent vs 8.8 percent), home appliances (8.9 percent vs 3.1 percent), and furniture (13.4 percent vs 12.6 percent). In the first half of the year, retail sales jumped 23 percent compared to the same period of 2020.
2021-07-15
China Retail Sales Rise Less than Forecast
China's retail trade growth slowed to 12.4 percent year-on-year in May 2021, from 17.7 percent in the previous month and below market expectations of 13.6 percent. The latest figure continued to point to a solid improvement in domestic demand, but also indicated more pressure on the consumption recovery. Sales rose at a slower pace for garments (12.3 percent vs 31.2 percent in April); cosmetics (14.6 percent vs 17.8 percent); jewelry (31.5 percent vs 48.3 percent); personal care (13.0 percent vs 17.2 percent); telecoms (8.8 percent vs 14.2 percent); home appliances (3.1 percent vs 6.1 percent); furniture (12.6 percent vs 21.7 percent); automobiles (6.3 percent vs 16.1 percent); and building materials (20.3 percent vs 30.8 percent).
2021-06-16
China April Retail Sales Miss Forecasts
China's retail trade rose by 17.7 percent year-on-year in April 2021, easing from a 34.2 percent jump in the prior month and missing market consensus of a 24.9 percent growth. The latest figure continued to point to a steady improvement in domestic demand, but also indicated more pressure on the recovery in consumption. Sales growth eased for all categories: garments (31.2 percent vs 69.1 percent in March); cosmetics (17.8 percent vs 42.5 percent); jewelry (48.3 percent vs 83.2 percent); personal care (17.2 percent vs 30.7 percent); office supplies (6.7 percent vs 22.2 percent); telecoms (14.2 percent vs 23.5 percent); home appliances (6.1 percent vs 38.9 percent); furniture (21.7 percent vs 42.8 percent); automobiles (16.1 percent vs 48.7 percent); building materials (30.8 percent vs 43.9 percent); and oil, oil products (18.3 percent vs 26.4 percent). Considering the first four months of the year, retail sales jumped 29.6 percent.
2021-05-17
China Retail Sales Rise the Most Since 1995
China's retail trade rose 34.2 percent year-on-year in March 2021, the largest annual increase since January 1995 and well above market expectations of a 28 percent growth. It was also the eighth straight month of gains in retail trade, as domestic demand consolidated its recovery from last year's record slump. Sales were up for all categories: garments (69.1 percent vs 47.6 percent in January-February); cosmetics (42.5 percent vs 40.7 percent); jewelry (83.2 percent vs 98.7 percent); personal care (30.7 percent vs 34.6 percent); office supplies (22.2 percent vs 38.3 percent); telecoms (23.5 percent vs 53.1 percent); home appliances (38.9 percent vs 43.2 percent); furniture (42.8 percent vs 58.7 percent); automobiles (48.7 percent vs 77.6 percent); building materials (43.9 percent vs 52.8 percent); and oil, oil products (26.4 percent vs 21.9 percent). Considering the first three months of the year, retail sales jumped 33.9 percent.
2021-04-16

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.