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China's Total Retail Sales Of Consumer Goods Up 4.3% In October 2020 - ChinaRetailNews.com



Retailing, Franchising, and Consumerism Business Intelligence in China


China's Total Retail Sales Of Consumer Goods Up 4.3% In October 2020

ChinaRetailNews.com

According to statistics released by the National Bureau of Statistics, China's total retail sales of consumer goods reached CNY3.858 trillion in October 2020, a year-on-year increase of 4.3% and the growth rate was one percentage point higher than that of last month.

The statistics show that the retail sales of consumer goods excluding vehicles were CNY3.487 trillion, up 3.6%.

From January to October 2020, China's total retail sales of consumer goods reached CNY31.19 trillion, a year-on-year decrease of 5.9%. During this period, the retail sales of consumer goods excluding vehicles were CNY28.143 trillion, down 6%.

By location of operating unit, the retail sales of consumer goods in urban areas were CNY3.35 trillion in October, an increase of 4.2% year-on-year; and the retail sales of consumer goods in rural areas were CNY507.8 billion, an increase of 5.1%. From January to October, China's total retail sales of consumer goods in urban areas were CNY27.034 trillion, a decrease of 6% year-on-year; and the retail sales of consumer goods in rural areas were CNY4.156 trillion, a decrease of 5.4%.

By consumption type, the retail sales of commodities were CNY3.42 trillion in October, an increase of 4.8% year-on-year; and the income of food and beverage was CNY437.2 billion, an increase of 0.8%. From January to October, China's total retail sales of commodities were CNY28.23 trillion, a decrease of 4% year-on-year; and the income of food and beverage was CNY2.96 trillion, a decrease of 21%.

From January to October, China's online retail sales were CNY9.128 trillion, a year-on-year increase of 10.9%, and the growth rate was 1.2 percentage points higher than that of the first nine months of 2020.




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