Retail Sales Of 100 Key Retail Enterprises Increased By 7.1% Year On Year In October

On November 19, according to the information released on the official website of China National Business Information Center, from January to October, the total retail sales of consumer goods in China reached 31190.1 billion yuan, a decrease of 5.9% compared with the same period of last year, and the decline rate was 1.3 percentage points narrower than that in the first three quarters. In October this year, the retail sales of 100 major retail enterprises in China, mainly department stores, increased by 7.1% year-on-year.

According to the data, from January to October 2020, the retail sales of 100 major retail enterprises in China, mainly department stores, decreased by 17.3%, 2.8 percentage points lower than that in the first three quarters of this year. Among them, the retail sales in October increased by 7.1% year-on-year, and the growth rate increased by 8.9% month on month.

From the perspective of category, in the first 10 months of 2020, the retail sales of grain, oil and food of key large-scale retail enterprises in China have decreased by 3.7%, with a decrease rate of 1 percentage point compared with the previous three quarters; the retail sales of clothing have decreased by 24.2%, with a decrease rate of 4% compared with the previous three quarters; the retail sales of household appliances have decreased by 20.9%, with a decrease rate of 2% compared with the previous three quarters.

Meanwhile, from January to October, the national consumer price rose by 3%, 0.4 percentage points larger than the same period of last year, and 0.3 percentage points lower than that of the previous three quarters. Among them, food prices increased by 13%, with an increase of 5.6 percentage points compared with the same period of last year; non food prices increased by 0.4%, with a decrease of 1% compared with the same period of last year. The price of consumer goods increased by 4.4%, and the increase was increased by 1.4%; the price of service increased by 0.6%, and the increase was narrowed by 1.2%. Among them, the consumer price rose by 0.5% year-on-year in October, and the growth rate fell by 1.2% month on month.