China's retail trade rose by 3.3% year-on-year in September 2020, after a 0.5 percent gain in August and well above market expectations of a 1.8%. This was the second straight month of rise in retail trade and the biggest gain since December last year, as consumption continues to recover following the gradual loosening of COVID-19 restrictions. Sales rose further for most categories: automobiles (11.2% vs 11.8%); clothing and footwear (8.3% vs 4.2% in August); food and drinks (7.8% vs 4.2%); personal care (10.7% vs 11.4%); medicines (9.6% vs 6.2%); alcohol and tobacco (17.6% vs 3.1%); office supplies (12.2% vs 9.4%); cosmetics (13.7% vs 19%); and jewellery (13.1% vs 15.3%). Meantime, sales fell for home appliances (-0.5% vs 4.3%); telecoms (-4.6% vs 25.1%); furniture (-0.6% vs -4.2%); and oil, oil products (-11.8% vs -14.5%). From the January to September period, retail trade tumbled 7.2%. source: National Bureau of Statistics of China
Retail Sales YoY in China averaged 13.13 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 October of 2020.
Retail Sales YoY in China is expected to be 1.50 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 4.20 in 12 months time. In the long-term, the China Retail Sales YoY is projected to trend around 4.50 percent in 2021 and 6.00 percent in 2022, according to our econometric models.