China: Retail sales Y-on-Y
* indicates monthly or quarterly data series
The most recent value is 4 percent as of February 2025, an increase compared to the previous value of 3.7 percent. Historically, the average for China from January 2000 to February 2025 is 9.18 percent. The minimum of -23.7 percent was recorded in January 2020, while the maximum of 34.2 percent was reached in March 2021.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: National Bureau of Statistics of China
| Recent values | China: Retail sales Y-on-Y |
|---|---|
| 2025 Feb | 4 |
| 2024 Dec | 3.7 |
| 2024 Nov | 3 |
| 2024 Oct | 4.8 |
| 2024 Sep | 3.2 |
| 2024 Aug | 2.1 |
| 2024 Jul | 2.7 |
| 2024 Jun | 2 |
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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 | Reference | Measure |
|---|---|---|---|
| Industrial production | 5.90 | 2/2025 | percent |
| Retail sales Y-on-Y | 4.00 | 2/2025 | percent |
| House price index | 122.70 | Q4/2024 | index points |
| Real residential property prices Y-on-Y change | -8.75 | Q4/2024 | percent |
| Business confidence survey | 98.22 | 10/2023 | points |
| Consumer confidence survey | 88.40 | 2/2025 | points |