China's retail sales down by 0.5% in October - Breaking The News

China's retail sales down by 0.5% in October

15 November

1 min read

EPA-EFE/ALEX PLAVEVSKI

Retail sales of consumer goods for October in China landed below analysts' projections, decreasing by 0.5% compared to the same time last year to reach 4,027.1 billion yuan, the country's National Bureau of Statistics (NBS) reported on Tuesday.

The measure of total receipts of the retailed consumer goods from January through October 2022 improved by 0.6% on an annual basis to stand at 36,057.5 billion yuan.

Analyzed by different areas, the data for the ten-month period showed that the retail sales in urban areas reached 31,264.9 billion yuan, up by 0.5% year-on-year, while in rural areas the figure added 0.8% to reach 4,792.6 billion yuan.

retail sales data

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