China's retail sales increase by 2.7% in July - Breaking The News

China's retail sales increase by 2.7% in July

15 August

1 min read

EPA-EFE/ALEX HOFFORD

Retail sales of consumer goods for July in China landed above analysts' projections, increasing by 2.7% compared to the same time last year, the country's National Bureau of Statistics (NBS) reported on Thursday. Month-on-month, retail trade grew by 0.35%.

Catering increased by 3% on a yearly basis. Retail sales of consumer goods rose by 2.4% in urban areas year-on-year and by 4.6% in rural areas.

In the first seven months, the total retail sales of consumer goods increased by 3.5% year-on-year.

retail sales data

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