China: Total Retail Sales of Consumer Goods (YoY) - Excluding Vehicles

Macro

2026-07-15

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

China's total retail sales of consumer goods excluding autos grew 3.0% year-over-year (YoY) in June 2026 (Q2 2026), marking a significant rebound from the previous value of 1.1%. Despite the drag from a sharp decline in overall auto sales, core consumption sectors such as communications equipment and catering bucked the trend, driving the overall data to beat market expectations. Looking ahead, with the arrival of the summer peak season and the advancement of consumption expansion policies, short-term retail data is expected to maintain a mild recovery.

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AI Data Insight

China's total retail sales of consumer goods excluding autos grew 3.0% year-over-year (YoY) in June 2026 (Q2 2026), marking a significant rebound from the previous value of 1.1%. Despite the drag from a sharp decline in overall auto sales, core consumption sectors such as communications equipment and catering bucked the trend, driving the overall data to beat market expectations. Looking ahead, with the arrival of the summer peak season and the advancement of consumption expansion policies, short-term retail data is expected to maintain a mild recovery.

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Macro
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