Retail Sales China
Event Date: Wednesday, June 16, 2021
Event Time: 07:00 CET
Updated Monday, June 14, 2021
Retail sales posted some major declines during February and March in China, at the height of the coronavirus and they kept declining until July, although the decline was slowing considerably. In August they finally turned positive and have kept increasing since then. In fact, the pace of the increase has increased as well, putting sales to the pre-coronavirus levels. In February and March we saw some extraordinary numbers around 34%, although the Chinese New year has skewed the numbers to the upside. But they remain high nonetheless despite cooling off to 17% in April and 14% expected in May. Please follow us for live coverage of this event by experienced market analysts.
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About Retail Sales China
Change in the total value of sales at the retail level. Released monthly, excluding Feb, about 15 days after the month ends. Although this indicators tends to have a muted impact on markets because the Chinese economy is not heavily reliant on consumer spending.