China: Total Retail Sales of Consumer Goods - Excluding Vehicles

Macro

2025-07-15

Description

China Total Retail Sales of Consumer Goods (except automobiles) is released by the National Bureau of Statistics (NBS). This indicator mainly measures the total sales of social consumer goods excluding automobiles during a period. By excluding automobile projects with high volatility, we can observe more core commodity consumption trends. Higher sales indicate stronger consumer confidence and economic health, while lower numbers may indicate a weaker economy.

Note: Retail sales of consumer refers to the amount of non-production, non-business physical goods sold directly by enterprises to individuals and social groups through transactions, as well as the amount of income obtained from providing catering services.

Published by
National Bureau of Statistics of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China Retail Consumption

AI Data Insight

In Q3 (August) 2026, China's total retail sales of consumer goods excluding autos reached 36,545 hundred million yuan, steadily increasing from the previous value of 35,892 hundred million yuan. Although overall retail sales fell short of market expectations due to sluggish big-ticket consumption related to automobiles and real estate, core data excluding autos indicated that daily and service consumption still maintained supportive momentum.

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AI Data Insight

In Q3 (August) 2026, China's total retail sales of consumer goods excluding autos reached 36,545 hundred million yuan, steadily increasing from the previous value of 35,892 hundred million yuan. Although overall retail sales fell short of market expectations due to sluggish big-ticket consumption related to automobiles and real estate, core data excluding autos indicated that daily and service consumption still maintained supportive momentum.

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Description

China Total Retail Sales of Consumer Goods (except automobiles) is released by the National Bureau of Statistics (NBS). This indicator mainly measures the total sales of social consumer goods excluding automobiles during a period. By excluding automobile projects with high volatility, we can observe more core commodity consumption trends. Higher sales indicate stronger consumer confidence and economic health, while lower numbers may indicate a weaker economy.

Note: Retail sales of consumer refers to the amount of non-production, non-business physical goods sold directly by enterprises to individuals and social groups through transactions, as well as the amount of income obtained from providing catering services.

Published by
National Bureau of Statistics of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China Retail Consumption