China Retail Sales-Retail Sales ticked up in September 2019

China’s retail sales grew 7.8 percent YoY in September compared to 7.5 percent YoY in August 2019. The sale was ticked up due to growth in household appliances and slower contraction in auto sales.

 

Retail Sales performance in terms of Consumption pattern:

  • Automobile sales contracted 2.2 percent in September as compared to contraction of 8.1 percent in August.
  • Furniture sales ticked up to 6.3 percent compared to 5.7 percent in August.
  • Gold, Silver and Jewelry contracted 6.6 percent in September against the contraction of 7.0 percent in August.
  • Retail sales of enterprises excluding automobiles grew 3.1 percent in September compared to 2 percent in August.
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