China's retail sales increased by 8.6 percent from a year earlier in October 2018, following a 9.2 percent rise in the previous month and missing market expectations of 9.1 percent. It was the weakest growth in retail trade since May, as sales slowed for: garments (4.7 percent vs 9 percent in September); cosmetics (6.4 percent vs 7.7 percent); jewelry (4.7 percent vs 11.6 percent); personal care (10.2 percent vs 17.4 percent); home appliances (4.8 percent vs 5.7 percent); furniture (9.5 percent vs 9.9 percent); telecoms (7.1 percent vs 16.9 percent); and oil, oil products (17.1 percent vs 19.2 percent). In addition, sales plunged for both office supplies (-3.3 percent vs 4.9 percent) and automobiles (-6.4 percent vs -7.1 percent). Building materials trade growth, however, accelerated to 8.5 percent from 8.4 percent in the previous month. From January to October, retail sales grew 9.2 percent compared to the same period 2017. Retail Sales YoY in China averaged 12.28 percent from 2010 until 2018, reaching an all time high of 19.90 percent in January of 2011 and a record low of 8.50 percent in May of 2018.

Retail Sales YoY in China is expected to be 8.40 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 7.70 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
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-09-14 02:00 AM Retail Sales YoY 9% 8.8% 8.8% 8.5%
2018-10-19 02:00 AM Retail Sales YoY 9.2% 9% 9% 8.5%
2018-11-14 02:00 AM Retail Sales YoY 8.6% 9.2% 9.1% 9.1%
2018-12-14 02:00 AM Retail Sales YoY 8.6% 8.4%


China Consumer Last Previous Highest Lowest Unit
Consumer Confidence 119.10 118.50 124.60 97.00 Index Points [+]
Retail Sales MoM 0.64 0.56 1.57 0.14 percent [+]
Retail Sales YoY 8.60 9.20 19.90 8.50 percent [+]
Consumer Spending 317509.70 293443.10 317509.70 453.00 CNY HML [+]
Disposable Personal Income 36396.00 33616.00 36396.00 343.40 CNY [+]
Personal Savings 0.35 0.35 3.15 0.35 percent [+]
Bank Lending Rate 4.35 4.35 12.06 4.35 percent [+]
Consumer Credit 356536.29 350646.49 356536.29 59105.90 CNY HML [+]
Gasoline Prices 0.92 0.95 1.37 0.27 USD/Liter [+]
Households Debt To GDP 49.30 48.40 49.30 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
8.60 9.20 19.90 8.50 2010 - 2018 percent Monthly




Related

Latest