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China sees growth in consumer spending & manufacturing in April

21 May '25

1 min read

China sees growth in consumer spending & manufacturing in April

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Insights

China's retail sales rose 5.1 per cent YoY in April 2025 to 3.72 trillion yuan (~$517.27 billion), with January–April growth at 4.7 per cent, slightly up from Q1.
Industrial output grew 6.1 per cent in April, led by 6.6 per cent growth in manufacturing, and gains of 9.8 per cent and 10 per cent in equipment and high-tech sectors.
Year-to-date industrial output rose 6.4 per cent.

China's retail sales of consumer goods rose by 5.1 per cent year-over-year (YoY) in April 2025, reaching 3.72 trillion yuan (~$517.27 billion), signalling steady consumption recovery, according to the National Bureau of Statistics (NBS).

Cumulatively, retail sales increased 4.7 per cent in the January–April period, slightly up from 4.6 per cent in the three months or first quarter (Q1).

Meanwhile, the country’s value-added industrial output climbed 6.1 per cent YoY in April, reflecting robust industrial momentum. The manufacturing sector grew by 6.6 per cent, with equipment and high-tech manufacturing surging by 9.8 per cent and 10 per cent, respectively.

From January to April, industrial output advanced 6.4 per cent YoY. The figures track activity from large enterprises with annual main business revenues of at least 20 million yuan (~$2.78 million), said a Chinese state-owned media outlet.

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