Monthly retail sales growth YoY in China 2022-2024

Published by
Xin Ou,
Nov 15, 2024

In October 2024, the total retail sales of consumer goods in China increased by about 4.8 percent compared to the same period of the previous year. The total retail sales value of consumer goods amounted to around 4.54 trillion yuan in that period.

Year-on-year change in retail trade revenue of consumer goods in China from October 2022 to October 2024

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Source

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Release date

November 2024

Region

China

Survey time period

October 2022 to October 2024

Supplementary notes

According to the source, figures for January and February have been grouped together to curb the influence of the Chinese New Year on the statistic. Chinese New Year falls between January and February.

According to the source, retail sales refer to the trade revenue of tangible goods not intended for business use traded from wholesale and retail companies to individuals or non producing social organizations. Figures include total revenues of the food and beverage service industry.

During the survey, only wholesale companies with an annual revenue of 20 million yuan and above as well as retail companies with an annual revenue of five million yuan were questioned. 

The source did not provide a date of publication. The date used here is the access date.

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