China's retail trade declined by 2.8 percent year-on-year in May 2020, compared to market expectations of a 2 percent drop and April's 7.5 percent fall. It was the smallest decrease in retail sales so far this year as the country gradually recovered from the coronavirus crisis. Sales continued to fall for garments (-0.6 percent vs -18.5 percent in April), jewelry (-3.9 percent vs -12.1 percent), and oil, oil products (-14 percent vs -14.1 percent). At the same time, there were rises in sales of cosmetics (12.9 percent vs 3.5 percent), personal care (17.3 percent vs 8.3 percent), office supplies (1.9 percent vs 6.5 percent), home appliances (4.3 percent vs -8.5 percent), furniture (3 percent vs -5.4 percent), building materials (1.9 percent vs -5.8 percent), automobiles (3.5 percent vs 0.0 percent), and telecoms (11.4 percent vs 12.2 percent).
Retail Sales YoY in China averaged 13.28 percent from 1993 until 2020, 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 2020. source: National Bureau of Statistics of China
Retail Sales YoY in China is expected to be 3.20 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 7.50 in 12 months time. In the long-term, the China Retail Sales YoY is projected to trend around 6.50 percent in 2021 and 8.00 percent in 2022, according to our econometric models.