China's retail sales rose by 4.9 percent year-on-year in October 2021, faster than a 4.4 percent increase in the previous month and beating market expectations of 3.5 percent. This was the strongest pace of growth in 3 months, as consumption strengthened after COVID-19 outbreaks in some regions eased. Sales growth accelerated for cosmetics (7.2% vs 3.9% in September), personal care (3.5% vs 0.5%), home appliances (9.5% vs 6.6%), telecoms (34.8% vs 22.8%), and oil products (29.3% vs 17.3%). At the same time, sales continued to increase for jewelry (12.6% vs 20.1%), office supplies (11.5% vs 22.6%), furniture (2.4% vs 3.4%), and building materials (12.0% vs 13.3%). In addition, sales fell less for both garments (-3.3% vs -4.8%) and automobiles (-11.5% vs -11.8%). From January to October, retail sales jumped 14.9 percent compared to the same period of 2020. source: National Bureau of Statistics of China
Retail Sales YoY in China averaged 13.15 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 December 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.