Apparel Retail Sales Grew Sharply In May

In May 2010, the growth of retail sales of 100 large retail enterprises in China was 17% year-on-year, down 3.9 percentage points from the same period last year. This is the first time this year's retail sales growth has been lower than that of the same period last year, and the growth rate has slowed down significantly.

From the perspective of growth, the growth rate of retail sales of major categories of commodities in May showed a slight upward trend compared with the same period last year, but the growth rate of individual categories of commodities decreased significantly.

Among them, the growth rate of retail sales of clothing and daily necessities increased greatly, the sales of clothing sales increased 22.27%, up 3.5 percentage points over the same period last year, and the daily consumption category increased by 23.35%, up 9.76 percentage points from the same period last year.

The growth rate of food and household appliances increased slightly.

The growth rate of food was only 18.75%, a slight increase of 1.74 percentage points in the same period, and the growth rate of household appliances was 14.48%, only 0.27 percentage points higher than that of the same period last year.

In addition, other commodities related to the real estate market, such as construction and decoration materials, furniture and other commodities sales have slowed down or even declined.