China - Retail Sales

China: Retail Sales

Mnemonic WRT.ICHN
Unit 100 Mil. CNY, NSA
Adjustments Not Seasonally Adjusted
Monthly 13.47 %
Data May 2020 31,972
Apr 2020 28,177

Series Information

Source National Bureau of Statistics of the People's Republic of China
Release Retail Sales
Frequency Monthly
Start Date 1/31/1984
End Date 5/31/2020

China: Consumer

Reference Last Previous Units Frequency
Retail Sales May 2020 31,972 28,177 100 Mil. CNY, NSA Monthly
Personal Income 2019 154,296 141,480 100 Mil. CNY Annual

Release Information

For China, retail sales to consumers, by 16 consumption categories; level and percent growth; monthly from 1999, annual from 1952. Subsets: By type of goods, by location (urban, rural, etc.), by industry (kind of store).

  • Measurements:
    • 100 million Chinese yuan (100 Mil. CNY)
    • Year-over-year percent change (% Y/Y)
  • Cumulations:
    • None
    • Year to date (YTD)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequencies:
    • Monthly
    • Quarterly
    • Annual
  • Start date: Varies
  • Geo coverage: 31 provinces (for some subsets)

Retail Sales of Consumer Goods refer to the sum of retail sales of consumer goods sold by all sectors of the national economy to urban and rural residents and social groups. This indicator is used to show the supply of consumers goods through various channels to households and institutions, and is very important for the study on changes at the domestic retail market, and on economic cycles.

All enterprises (units) above designated size are surveyed, while the data of enterprises (units) below designated size are collected by sampling survey.

Moody's Analytics supplements

For some indicators we produce a counterpart that is single-month (i.e., non-cumulated) and seasonally adjusted.

Retail sales data has Month-on-Month Figure Revision, so data is revised whe there are revisions.

Lunar New Year effect - January and February data are combined, i.e., January shows an ND value. Chinese household consumption peaks during the lunar new year celebration, which may fall in either January or February. Consult the YTD analytic variant, WRLRACGYTDUM.ICHN.

The monthly retail sales data is disseminated with brief technical commentary in the NBS news release. Further details such as the data posted on the NBS website are accordingly updated.

Further reading

At the source: