- China reported the highest retail sales growth this year in today’s data release.
- Retail sales grew +4.8% YoY following September’s gain of +3.2%
- Market surveys forecast a rise of +3.8%.
- Authorities have appeared determined to arrest the decline in consumer sentiment borne out of the declining in the real estate sector, announcing various stimulus measures since September.
- By category the largest expansion was seen household electronics (+39.2% vs +20.5 prior), furniture (+7.4% vs +0.4% prior) and motor vehicles (+3.7% vs +0.4% prior).
- Online sales continue to expand up +8.8% YoY.
CHINA: Retail Sales Shows the Consumer is Stabilizing.
Last updated at:Nov-15 02:24By: Jamie Grant
China
- China reported the highest retail sales growth this year in today’s data release.
- Retail sales grew +4.8% YoY following September’s gain of +3.2%
- Market surveys forecast a rise of +3.8%.
- Authorities have appeared determined to arrest the decline in consumer sentiment borne out of the declining in the real estate sector, announcing various stimulus measures since September.
- By category the largest expansion was seen household electronics (+39.2% vs +20.5 prior), furniture (+7.4% vs +0.4% prior) and motor vehicles (+3.7% vs +0.4% prior).
- Online sales continue to expand up +8.8% YoY.
