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.

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China Retail Sales YoY


Calendar GMT Actual Previous Consensus TEForecast
2021-10-18 02:00 AM Sep 4.4% 2.5% 3.3% 2.3%
2021-11-15 02:00 AM Oct 4.9% 4.4% 3.5% 3.6%
2021-12-15 02:00 AM Nov 4.9% 4.8%


Related Last Previous Unit Reference
Retail Sales MoM 0.43 0.30 percent Oct/21
Consumer Confidence 120.20 121.20 points Oct/21
Retail Sales YoY 4.90 4.40 percent Oct/21
Consumer Spending 387176.10 385895.60 CNY HML Dec/20
Disposable Personal Income 43834.00 42359.00 CNY Dec/20
Gasoline Prices 1.06 0.90 USD/Liter Oct/21

News Stream
China Retail Sales Growth at 3-Month High
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.
2021-11-15
China Retail Sales Rise More than Forecast
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.
2021-10-18
China Retail Sales Rise the Least in a Year
China's retail trade rose by 2.5 percent year-on-year in August 2021, easing sharply from an 8.5 percent gain in the previous month and missing market expectations of 11.5 percent. This was the weakest rise in retail sales since August 2020, as consumption weakened during COVID-19 outbreaks in some regions. Sales rose at a slower pace for both jewellery (7.4 percent vs 14.3 percent in July), furniture (6.7 percent vs 11 percent). Meanwhile, sales of cosmetics were flat after gaining 2.8 percent in July. At the same time, there were declines in sales of garments (-6 percent vs 7.5 percent), personal care (-0.2 percent vs 13.1 percent), telecoms (-14.9 percent vs 0.1 percent), home appliances (-5.0 percent vs 8.2 percent), and automobiles (-7.4 percent vs -1.8 percent). By contrast, sales of building materials grew faster (13.5 percent vs 11.6 percent). In the January to August period, retail sales jumped 18.1 percent compared to the same period of 2020.
2021-09-15

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.