Retail

China's retail sales of consumers goods up 8.2% in Jan-Sep

23 Oct '19

2 min read

Pic: National Bureau of Statistics of China

Total retail sales of consumer goods in China increased by 8.2 per cent year-on-year to 29,667.4 billion yuan ($4,190.55 billion) in the first three quarters of 2019, according to data from National Bureau of Statistics of China. Of the total, the retail sales of consumer goods excluding automobiles increased by 9.1 per cent to 26,814.6 billion yuan.

In urban areas, retail sales of consumer goods rose 8 per cent year-on-year to 25,352.4 billion yuan during January-September 2019, the data showed. While in rural areas, sales were up 9 per cent to 4,315 billion yuan.

In terms of various retail formats, retail sales at the supermarket, stores, pro shops, and exclusive stores above designated size increased 7 per cent, 1.5 per cent, 3.8 per cent and 1.4 per cent respectively, during the first nine months of 2019.

Total online retail sales of goods and services was up 16.8 per cent to 7,323.7 billion yuan during the period under review. Of this, online retail sales of goods stood at 5,777.7 billion yuan, up 20.5 per cent, and accounting for 19.5 per cent of the total retail sales of consumer goods. Online retail sales of clothing went by 18.6 per cent.

Fibre2Fashion News Desk (RKS)

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