China's retail trade rose by 7.5 percent year-on-year in August 2019, the least since April, following a 7.6 percent growth in the previous month, and below market estimates of 7.9 percent. Sales fell further for automobiles (-8.1% vs -2.6% in July); jewellery (-7% vs -1.6%); and oil & oil products (-1.2% vs -1.1%). Also, sales of furniture advanced at a softer rate (5.7% vs 6.3%). On the other hand, sales went up at a faster pace for garments (5.2% vs 2.9%); cosmetics (12.8% vs 9.4%); home appliances (4.2% vs 3%); office supplies (19.8% vs 14.5%); telecoms (3.5% vs 1%); and building materials (5.9% vs 0.4%). Additionally, sales of personal care rose 13 percent, the same as in July. Considering the January to August period, retail sales advanced 8.2 percent from the corresponding period a year earlier. Retail Sales YoY in China averaged 13.77 percent from 1993 until 2019, reaching an all time high of 37.40 percent in December of 1993 and a record low of 4.30 percent in May of 2003.

Retail Sales YoY in China is expected to be 7.70 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 7.80 in 12 months time. In the long-term, the China Retail Sales YoY is projected to trend around 8.00 percent in 2020, according to our econometric models.

China Retail Sales YoY
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-14 07:00 AM Retail Sales YoY May 8.6% 7.2% 8.1% 8%
2019-07-15 02:00 AM Retail Sales YoY Jun 9.8% 8.6% 8.5% 8.2%
2019-08-14 02:00 AM Retail Sales YoY Jul 7.6% 9.8% 8.6% 8.2%
2019-09-16 02:00 AM Retail Sales YoY Aug 7.5% 7.6% 7.9% 7.9%
2019-10-18 02:00 AM Retail Sales YoY Sep 7.5% 7.7%
2019-11-14 02:00 AM Retail Sales YoY Oct 7.8%
2019-12-16 02:00 AM Retail Sales YoY Nov 8%


China Consumer Last Previous Highest Lowest Unit
Consumer Confidence 124.40 125.90 126.00 97.00 Index Points [+]
Retail Sales MoM 0.66 0.21 1.57 0.14 percent [+]
Retail Sales YoY 7.50 7.60 37.40 4.30 percent [+]
Consumer Spending 348209.60 317963.50 348209.60 453.00 CNY HML [+]
Disposable Personal Income 39251.00 36396.19 39251.00 343.40 CNY [+]
Personal Savings 36.10 37.10 39.00 27.20 percent [+]
Bank Lending Rate 4.35 4.35 12.06 4.35 percent [+]
Consumer Credit 411664.30 406220.98 411664.30 59105.90 CNY HML [+]
Gasoline Prices 0.70 0.67 1.37 0.27 USD/Liter [+]
Households Debt To GDP 52.60 51.90 52.60 10.80 percent of GDP [+]
Consumer Confidence Current Conditions 108.50 107.90 123.50 90.00 [+]
Consumer Confidence Economic Expectations 116.40 114.70 128.40 96.40 [+]


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. This page provides - China Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Retail Sales YoY - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7.50 7.60 37.40 4.30 1993 - 2019 percent Monthly




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