China's retail trade growth stood at 8 percent year-on-year in December 2019, unchanged from the previous month's five-month high and above market expectations of a 7.8 percent increase. Sales rose for most categories: garments (1.9 percent vs 4.6 percent in November); cosmetics (11.9 percent vs 16.8 percent), jewelry (3.7 percent vs -1.1 percent), personal care (13.9 percent vs 17.5 percent), home appliances (2.7 percent vs 9.7 percent), furniture (1.8 percent vs 6.5 percent), telecoms (8.8 percent vs 12.1 percent), oil, oil products (4 percent vs 0.5 percent), automobiles (1.8 percent vs -1.8 percent) and building materials (0.6 percent vs -0.3 percent). In contrast, sales of office supplies fell 11.5 percent, compared to a 4.6 percent advance in November. For full 2019, retail sales also increased 8.0 percent over a year earlier.

Retail Sales YoY in China averaged 13.70 percent from 1993 until 2019, reaching an all time high of 37.40 percent in December of 1993 and a record low of 4.30 percent in May of 2003. This page provides - China Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Bureau of Statistics of China

Retail Sales YoY in China is expected to be 6.00 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 7.50 percent in 2021 and 8.00 percent in 2022, according to our econometric models.


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China Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
8.00 8.00 37.40 4.30 1993 - 2019 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-18 02:00 AM Sep 7.8% 7.5% 7.8% 7.7%
2019-11-14 02:00 AM Oct 7.2% 7.8% 7.9% 7.8%
2019-12-16 02:00 AM Nov 8% 7.2% 7.6% 7.5%
2020-01-17 02:00 AM Dec 8% 8% 7.8% 7.5%
2020-03-16 02:00 AM Jan-Feb 8% 5.2%
2020-04-17 02:00 AM Mar 6%
2020-05-15 02:00 AM Apr
2020-06-15 02:00 AM May


News Stream
China Retail Sales Growth Above Forecasts in December
China's retail trade growth stood at 8 percent year-on-year in December 2019, unchanged from the previous month's five-month high and above market expectations of a 7.8 percent increase. Sales rose for most categories: garments (1.9 percent vs 4.6 percent in November); cosmetics (11.9 percent vs 16.8 percent), jewelry (3.7 percent vs -1.1 percent), personal care (13.9 percent vs 17.5 percent), home appliances (2.7 percent vs 9.7 percent), furniture (1.8 percent vs 6.5 percent), telecoms (8.8 percent vs 12.1 percent), oil, oil products (4 percent vs 0.5 percent), automobiles (1.8 percent vs -1.8 percent) and building materials (0.6 percent vs -0.3 percent). In contrast, sales of office supplies fell 11.5 percent, compared to a 4.6 percent advance in November. For full 2019, retail sales also increased 8.0 percent over a year earlier.
2020-01-17
China Retail Sales Rise the Most in 5 Months
China's retail trade rose by 8 percent year-on-year in November 2019, following a 7.2 percent gain in the previous month and above market estimates of a 7.6 percent increase. This marked the biggest rise in retail trade since June, as sales advanced further for cosmetics (16.8 percent vs 6.2 percent in October); home appliances (9.7 percent vs 0.7 percent); furniture (6.5 percent vs 1.8 percent); and personal care (17.5 percent vs 12 percent). In addition, sales rebounded for garments (4.6 percent vs -0.8 percent); oil & oil products (0.5 percent vs -4.5 percent); and office supplies (4.6 percent vs -3.4 percent). Also, sales fell less for jewellery (-1.1 percent vs -4.5 percent); automobiles (-1.8 percent vs -3.3 percent); and building materials (-0.3 percent vs 2.6 percent). Meanwhile, sales of telecoms slowed (12.1 percent vs 22.9 percent). Considering the January to November period, retail sales rose 8 percent from the corresponding period a year earlier.
2019-12-16
China Retail Sales Growth Slows to 6-Month Low
China's retail trade rose by 7.2 percent year-on-year in October 2019, following a 7.8 percent gain in the previous month and missing market estimates of a 7.9 percent advance. This marked the slowest rise in retail trade since April, as sales growth eased for cosmetics (6.2% vs 13.4% in September), home appliances (0.7% vs 5.4%), furniture (1.8% vs 6.3%), and building materials (2.6% vs 4.2%). In addition, sales fell for garments (-0.8% vs 3.6%), jewelry (-4.6% vs -6.6%), oil & oil products (-4.5% vs -0.4%), office supplies (-3.4% vs -0.2%), and automobiles (-3.3% vs -2.2%). In contrast, sales growth was unchanged for personal care (at 12%), while sales of telecoms rose much faster (22.9% vs 8.4%). Considering the January to October period, retail sales rose 8.1 percent from the corresponding period a year earlier.
2019-11-14
China Retail Sales Rise the Most in 3 Months
China's retail trade rose by 7.8 percent year-on-year in September 2019, following a 7.5 percent gain in the previous month and matching market estimates. Sales went up further for cosmetics (13.4% vs 12.8% in August), home appliances (5.4% vs 4.2%), furniture (6.3% vs 5.7%), and telecoms (8.4% vs 3.5%). In addition, sales fell less for jewellery (-6.6% vs -7%), oil & oil products (-0.4% vs -1.2%), and automobiles (-2.2% vs -8.1%). Meanwhile, sales growth slowed for garments (3.6% vs 5.2%), personal care (12% vs 13%) and building materials (4.2% vs 5.9%). Also, sales of office supplies dropped (-0.2% vs 19.8%). Considering the January to September period, retail sales rose 8.2 percent from the corresponding period a year earlier.
2019-10-18

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.