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. 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 May of 2021.

Retail Sales YoY in China is expected to be 4.30 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 3.90 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
34.20 33.80 37.40 -20.50 1993 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
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 33.8% 4.6% 32% 30%
2021-04-16 02:00 AM Mar 34.2% 33.8% 28% 25%
2021-05-17 02:00 AM Apr 25
2021-06-16 02:00 AM May
2021-07-15 02:00 AM Jun
2021-08-16 02:00 AM Jul


News Stream
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 Soar 33.8% in January-February
China's retail trade surged by 33.8 percent year-on-year in January-February 2021, following a 4.6 percent increase in December and beating market expectations of a 32 percent jump, as consumption accelerated sharply from last year's massive slump. Sales grew for all categories: garments (47.6 percent vs 3.8 percent in December); cosmetics (40.7 percent vs 9 percent); jewelry (98.7 percent vs 11.6 percent); personal care (34.6 percent vs 8 percent); office supplies (38.3 percent vs 9.6 percent); telecoms (53.1 percent vs 21 percent); home appliances (43.2 percent vs 11.2 percent); furniture (58.7 percent vs 0.4 percent); automobiles (77.6 percent vs 6.4 percent); building materials (52.8 percent vs 12.9 percent); and oil, oil products (21.9 percent vs -3.8 percent).
2021-03-15
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 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.