China's retail trade rose by 4.4 percent year-on-year in September 2021, following a 2.5 percent increase in the previous month and beating market expectations of 3.3 percent, as consumption strengthened after COVID-19 outbreaks in some regions were brought under control. There were advances in sales of jewelry (20.1 percent vs 7.4 percent in August), office supplies (22.6 percent vs 20.4 percent), telecoms (22.8 percent vs -14.9 percent), oil products (17.3 percent vs 13.1 percent), cosmetics (3.9 percent vs flat reading), personal care (0.5 percent vs -0.2 percent), home appliances (6.6 percent vs -5.0 percent), furniture (3.4 percent vs 6.7 percent), and building materials (13.3 percent vs 13.5 percent). In contrast, sales fell for both garments (-4.8 percent vs -6 percent), and automobiles (-11.8 percent vs -7.4 percent). In January to September, retail sales jumped 16.4 percent compared to the same period of 2020. source: National Bureau of Statistics of China
Retail Sales YoY in China averaged 13.17 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 October of 2021.
Retail Sales YoY in China is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Retail Sales YoY is projected to trend around 4.00 percent in 2022 and 3.00 percent in 2023, according to our econometric models.