China: Retail sales Y-on-Y

* indicates monthly or quarterly data series
 China

Retail sales Y-on-Y

 Latest value 7.4
 Reference December 2023
 Measure percent
 Data availability January 2000 - December 2023
 Average 9.43
 Min - Max -23.7 - 34.2
 Source National Bureau of Statistics of China
For that indicator, we provide data for China from January 2000 to December 2023. The average value for China during that period was 9.43 percent with a minimum of -23.7 percent in January 2020 and a maximum of 34.2 percent in March 2021. Click on the following link to see the values of Retail sales Y-on-Y around the world.
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* indicates monthly or quarterly data series


Recent values chart
China - Retail sales Y-on-Y - recent values

Historical chart
China - Retail sales Y-on-Y - historical chart - 2000-2023
Measure: percent
Source: National Bureau of Statistics of China


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Definition: The retail sales Y-on-Y is an aggregated measure of the sales of retail goods over a stated period. Because retail sales are a measure of consumer demand for finished goods, they are a leading macroeconomic indicator of the pulse of an economy and its projected path toward expansion or contraction. Retail sales Y-on-Y is calculated as the percent change in the Retail sales index from the same month the previous year. The Retail sales Y-on-Y measures only volume changes, i.e. price level changes are excluded.

 Related indicators Latest value Reference Measure
 Industrial production 4.50 9/2023 percent
 Retail sales Y-on-Y 5.50 9/2023 percent
 House price index 136.66 Q3/2023 index point
 Real residential property prices Y-on-Y change -3.10 Q3/2023 percent
 Business confidence survey 98.26 9/2023 points
 Consumer confidence survey 87.20 9/2023 points
 Purchasing Managers Index (PMI), composite 50.90 9/2023 index points
 Purchasing Managers Index (PMI), manufacturing 50.60 9/2023 index points
 Purchasing Managers Index (PMI), services 50.20 9/2023 index points
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