China's total retail sales of consumer goods in October increased by 7.6%year -on -year, which further accelerated from the previous value and was stronger than expected.
Many media reports in China, data released by the National Bureau of Statistics of China on Wednesday (November 15) showed that the total retail sales of social consumer goods in October 433.33 billion yuan (RMB, the same below, about 805.8 billion yuan newYuan), a year -on -year increase of 7.6%.Among them, the retail sales of consumer goods except for cars were 39.19.8 billion yuan, an increase of 7.2%.
The expectation of economists who were surveyed by the Wall Street Journal showed that the total retail sales of social consumer goods in October increased by 7%year -on -year.
The total retail sales of social consumer goods in September increased by 5.5%year -on -year and 4.6%year -on -year in August.
The data released by the National Bureau of Statistics of China also show that from January to October, the total retail sales of social consumer goods was 385,44 billion yuan, an increase of 6.9%year -on -year.Among them, the retail sales of consumer goods other than cars were 346.47.2 billion yuan, an increase of 7.0%.
