China retail sales up by 4.9% y/y in October 2021

Retail sales data in September and October show signs of improvement
Retail sales data in September and October show signs of improvement
Retail sales data in September and October show signs of improvement

Weak domestic consumption is still a major concern for China’s sustainable economic recovery. Retail sales data in September and October show signs of improvement.

Retail sales data in September and October show signs of improvement

In October, China’s retail sales grew by 4.9% y/y, accelerating from the 4.4% y/y increase in the previous month and beating expectations. Commodity retail increased by 5.2% y/y, following a 4.5% y/y increase in September; while the catering sector recorded a 2% y/y growth in revenue in October.


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Further data and analysis on China's economy are available on the CEIC China Economy in a Snapshot – Q4 2021 report.

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Mo., 15.11.2021 - 15:12 China retail sales up by 4.9% y/y in October 2021