China - Retail Sales

China: Retail Sales

Mnemonic WRT.ICHN
Unit 100 Mil. CNY, NSA
Adjustments Not Seasonally Adjusted
Monthly 1.79 %
Data Dec 2019 38,776
Nov 2019 38,093

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 12/31/2019

China: Consumer

Reference Last Previous Units Frequency
Retail Sales Dec 2019 38,776 38,093 100 Mil. CNY, NSA Monthly
Personal Income 2018 141,480 129,889 100 Mil. CNY Annual

Release Information

For China, retail sales to consumers, by 16 consumption categories; level and percent growth; monthly from 1999.

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.

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.