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.