China's retail trade declined by 11.1% year-on-year in April 2022, worse than market expectations of a 6.1% fall and after a 3.5% drop in the prior period. The latest reading marked the second straight month of falling retail trade and the steepest decline since March 2020, as consumption deteriorated amid widespread COVID-19 cases and strict restrictions in several key states, including Shanghai and Beijing. Sales fell for most commodities: jewellery (-26.7% vs -17.9% in March), garments (-22.8% vs -12.7%), cosmetics (-22.3% vs -6.3%), personal care (-10.2% vs -0.8%), home appliances (-8.1% vs -4.3%), furniture (-14% vs -8.8%), office supplies (-4.8% vs 9.8%), telecoms (-21.8% vs 3.1%), automobiles (-31.6% vs -7.5%), and building materials (-11.7% vs 0.4%). At the same time, sales of oil products eased sharply (4.7% vs 10.5%). Considering the first four months of the year, retail sales were down 0.2%. source: National Bureau of Statistics of China
Retail Sales YoY in China averaged 12.95 percent from 1993 until 2022, 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 2022.
Retail Sales YoY in China is expected to be 1.40 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 3.00 percent in 2023, according to our econometric models.