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

The latest Q3 2026 total retail sales of consumer goods in China (excluding automobiles) recorded 35,892.0 hundred million RMB, showing a seasonal pullback from Q2 2026's 38,900.0 hundred million RMB. Although the overall retail sales year-on-year growth rate of only 0.6% fell short of market consensus, it still reached a 2.5% year-on-year increase after excluding the heavily battered automobile sector. Under the dual pressures of extreme weather and defensive savings, policy stimulus and smart home appliance replacement will be key catalysts supporting domestic demand in the future.

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AI Data Insight

The latest Q3 2026 total retail sales of consumer goods in China (excluding automobiles) recorded 35,892.0 hundred million RMB, showing a seasonal pullback from Q2 2026's 38,900.0 hundred million RMB. Although the overall retail sales year-on-year growth rate of only 0.6% fell short of market consensus, it still reached a 2.5% year-on-year increase after excluding the heavily battered automobile sector. Under the dual pressures of extreme weather and defensive savings, policy stimulus and smart home appliance replacement will be key catalysts supporting domestic demand in the future.

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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