China - Retail Sales





China: Retail Sales

Mnemonic WRT.ICHN
Unit 100 Mil. CNY, NSA
Adjustments Not Seasonally Adjusted
Monthly 9.3 %
Data Oct 2020 38,576
Sep 2020 35,294

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 10/31/2020

China: Consumer

Reference Last Previous Units Frequency
Retail Sales Oct 2020 38,576 35,294 100 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), online sales.

  • 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.

Definitions

Total retail sales of consumer goods
The sales of physical commodities, or the income of catering services. These are sold or provided by enterprises (units) to individuals and social organizations, for non-production and non-operation purposes. Includes online retail sales of physical goods, but excludes online retail sales of non-physical goods.
Online retail sales
Any goods and services obtained through a public online trading platform, including self-built and third-party sites.
Goods and services
Includes physical goods and non-physical goods.
Non-physical goods
Includes services and virtual products.

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 when 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: