China's retail trade rose by 12.1 percent year-on-year in June 2021, after a 12.4 percent gain in the previous month and compared with market expectations of 11 percent. This was the weakest rise in retail sales since December 2020, as consumption moderated during the latest COVID-19 outbreaks in some provinces. Sales rose at a slower pace for cosmetics (13.5 percent vs 14.6 percent in May), jewellery (26 percent vs 31.5 percent), automobiles (4.5 percent vs 6.3 percent), and building materials (19.1 percent vs 20.3 percent). Meantime, sales growth accelerated for garments (12.8 percent vs 12.3 percent), personal care (14 percent vs 13 percent), telecoms (15.9 percent vs 8.8 percent), home appliances (8.9 percent vs 3.1 percent), and furniture (13.4 percent vs 12.6 percent). In the first half of the year, retail sales jumped 23 percent compared to the same period of 2020. source: National Bureau of Statistics of China
Retail Sales YoY in China averaged 13.24 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 August of 2021.
Retail Sales YoY in China is expected to be 4.20 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 4.00 in 12 months time. In the long-term, the China Retail Sales YoY is projected to trend around 4.00 percent in 2022 and 6.00 percent in 2023, according to our econometric models.