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. source: National Bureau of Statistics of China

Retail Sales YoY in China averaged 13.20 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 September of 2021.

Retail Sales YoY in China is expected to be 2.30 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

Actual Previous Highest Lowest Dates Unit Frequency
2.00 8.50 37.40 -20.50 1993 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-16 07:00 AM May 12.4% 17.7% 13.6% 14.5%
2021-07-15 02:00 AM Jun 12.1% 12.4% 11% 11.1%
2021-08-16 02:00 AM Jul 8.5% 12.1% 11.5% 12.3%
2021-09-15 02:00 AM Aug 2% 8.5% 7% 7.5%
2021-10-18 02:00 AM Sep 2.5% 2.3%
2021-11-15 02:00 AM Oct
2021-12-15 02:00 AM Nov


News Stream
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 Growth at 7-Month Low
China's retail trade rose by 8.5 percent year-on-year in July 2021, easing from a 12.1 percent gain in the previous month and missing market expectations of 11.5 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 most categories: garments (7.5 percent vs 12.8 percent in June), cosmetics (2.8 percent vs 13.5 percent), personal care (13.1 percent vs 14 percent, jewelry (14.3 percent vs 26 percent), telecoms (0.1 percent vs 15.9 percent), home appliances (8.2 percent vs 8.9 percent), furniture (11 percent vs 13.4 percent) and building materials (11.6 percent vs 19.1 percent). Also, sales of automobiles fell (-1.8 percent vs 4.5 percent). In the January to July period, retail sales jumped 20.7 percent compared to the same period of 2020.
2021-08-16
China Retail Sales Growth Slows to 6-Month Low
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), jewelry (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.
2021-07-15
China Retail Sales Rise Less than Forecast
China's retail trade growth slowed to 12.4 percent year-on-year in May 2021, from 17.7 percent in the previous month and below market expectations of 13.6 percent. The latest figure continued to point to a solid improvement in domestic demand, but also indicated more pressure on the consumption recovery. Sales rose at a slower pace for garments (12.3 percent vs 31.2 percent in April); cosmetics (14.6 percent vs 17.8 percent); jewelry (31.5 percent vs 48.3 percent); personal care (13.0 percent vs 17.2 percent); telecoms (8.8 percent vs 14.2 percent); home appliances (3.1 percent vs 6.1 percent); furniture (12.6 percent vs 21.7 percent); automobiles (6.3 percent vs 16.1 percent); and building materials (20.3 percent vs 30.8 percent).
2021-06-16

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.