China's retail trade rose 34.2 percent year-on-year in March 2021, the largest annual increase since January 1995 and well above market expectations of a 28 percent growth. It was also the eighth straight month of gains in retail trade, as domestic demand consolidated its recovery from last year's record slump. Sales were up for all categories: garments (69.1 percent vs 47.6 percent in January-February); cosmetics (42.5 percent vs 40.7 percent); jewelry (83.2 percent vs 98.7 percent); personal care (30.7 percent vs 34.6 percent); office supplies (22.2 percent vs 38.3 percent); telecoms (23.5 percent vs 53.1 percent); home appliances (38.9 percent vs 43.2 percent); furniture (42.8 percent vs 58.7 percent); automobiles (48.7 percent vs 77.6 percent); building materials (43.9 percent vs 52.8 percent); and oil, oil products (26.4 percent vs 21.9 percent). Considering the first three months of the year, retail sales jumped 33.9 percent. source: National Bureau of Statistics of China
Retail Sales YoY in China averaged 13.24 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 May of 2021.
Retail Sales YoY in China is expected to be 4.30 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 3.90 in 12 months time. In the long-term, the China Retail Sales YoY is projected to trend around 4.00 percent in 2022 and 6.00 percent in 2023, according to our econometric models.