China's H1 Retail Sales Reach 24.87 Trillion Yuan, Up 1.3% as June Growth Holds at 1.0%
Updated
Updated · stats.gov.cn · Jul 16
China's H1 Retail Sales Reach 24.87 Trillion Yuan, Up 1.3% as June Growth Holds at 1.0%
3 articles · Updated · stats.gov.cn · Jul 16
Summary
24.87 trillion yuan in retail sales in January-June marked a 1.3% year-on-year rise, with June alone up 1.0% to 4.27 trillion yuan.
2.8% growth in sales excluding autos outpaced the headline rate, while motor vehicle sales fell 12.6% in H1 and 16.1% in June, weighing on overall consumption.
10.07 trillion yuan in online retail sales of goods and services rose 5.2%, with online goods sales up 4.8% and services up 6.0%.
2.5% rural sales growth topped urban 1.2%, and convenience stores and supermarkets expanded while department stores, specialty stores and brand-exclusive shops declined.
0.38% month-on-month growth in June suggests modest momentum, though large retailers above designated size still posted a 0.8% H1 decline.