China's retail trade declined by 6.7% year-on-year in May 2022, compared with market expectations of a 7.1% fall and after a 11.1% drop in the prior period which was the steepest decrease since March 2020. The latest reading marked the third straight month of falling retail trade, as regular virus testing and other stringent controls continued to hinder consumer activity. Sales dropped at softer paces for jewelry (-15.5% vs -26.7% in April), garments (-16.2% vs -22.8%), cosmetics (-11.0% vs -22.3%), personal care (-6.7% vs -10.2%), office supplies (-3.3% vs -4.8%), telecoms (-7.7% vs -21.8%), furniture (-12.2% vs -14%), automobiles (-16.0% vs -31.6%), and building materials (-7.8% vs -11.7%). At the same time, sales of oil products grew faster (8.3% vs 4.7%). By contrast, sales of home appliances deteriorated further (-10.6% vs -8.1%). Considering the first five months of the year, retail sales were down 1.5%. source: National Bureau of Statistics of China

Retail Sales YoY in China averaged 12.90 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 July of 2022.

Retail Sales YoY in China is expected to be -5.00 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.

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China Retail Sales YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-05-16 02:00 AM Apr -11.1% -3.5% -6.1% -6%
2022-06-15 02:00 AM May -6.7% -11.1% -7.1% -7.5%
2022-07-15 02:00 AM Jun -6.7%


Related Last Previous Unit Reference
Retail Sales MoM 0.05 -0.71 percent May 2022
Consumer Confidence 86.80 86.70 points May 2022
Retail Sales YoY -6.70 -11.10 percent May 2022
Consumer Spending 438849.40 387176.10 CNY HML Dec 2021
Disposable Personal Income 47412.00 43834.00 CNY Dec 2021
Gasoline Prices 1.06 1.00 USD/Liter Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-6.70 -11.10 37.40 -20.50 1993 - 2022 percent Monthly

News Stream
China Retail Sales Fall Less than Estimated
China's retail trade declined by 6.7% year-on-year in May 2022, compared with market expectations of a 7.1% fall and after a 11.1% drop in the prior period which was the steepest decrease since March 2020. The latest reading marked the third straight month of falling retail trade, as regular virus testing and other stringent controls continued to hinder consumer activity. Sales dropped at softer paces for jewelry (-15.5% vs -26.7% in April), garments (-16.2% vs -22.8%), cosmetics (-11.0% vs -22.3%), personal care (-6.7% vs -10.2%), office supplies (-3.3% vs -4.8%), telecoms (-7.7% vs -21.8%), furniture (-12.2% vs -14%), automobiles (-16.0% vs -31.6%), and building materials (-7.8% vs -11.7%). At the same time, sales of oil products grew faster (8.3% vs 4.7%). By contrast, sales of home appliances deteriorated further (-10.6% vs -8.1%). Considering the first five months of the year, retail sales were down 1.5%.
2022-06-15
China Retail Sales Fall the Most in 2 Years
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%.
2022-05-16
China Retail Sales Fall More than Estimated
China's retail trade declined by 3.5 percent year-on-year in March 2022, compared with market expectations of a 1.6 percent fall and after a 6.7 percent gain in the prior period. The latest reading marked the first drop in retail trade since July 2020, as consumption weakened amid widespread COVID-19 cases. Sales were down for most categories: cosmetics (-6.3% vs in 7% January-February), garments (-12.7% vs 4.8%), jewelry (-17.9% vs 19.5%), personal care(-0.8% vs 10.7%), home appliances (-4.3% vs 12.7%), furniture (-8.8% vs -6%), and automobiles (-7.5% vs 3.9%), office supplies (9.8% vs 11.1%), telecoms (3.1% vs 4.8%), and oil products (10.5% vs 25.6%). At the same time, sales of building materials eased sharply (0.4% vs 6.2%). Considering the first three months of the year, retail sales increased by 3.3%. In 2021, retail trade gained 12.5%, a sharp rebound from a 3.9% drop in 2020.
2022-04-18