China: Total Retail Sales of Consumer Goods (YTD Cumulative) - 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

China's total retail sales of consumer goods excluding autos in the first seven months of 2026 reached an accumulated 26.5 trillion RMB, a year-on-year increase of 2.7%. However, the overall retail sales of consumer goods for the single month of July only edged up by 0.6%, far below the market expectation of 1.5%, reflecting that extreme weather and asset shrinkage are continuously pressuring the domestic demand market.

You May Also Like

AI Data Insight

China's total retail sales of consumer goods excluding autos in the first seven months of 2026 reached an accumulated 26.5 trillion RMB, a year-on-year increase of 2.7%. However, the overall retail sales of consumer goods for the single month of July only edged up by 0.6%, far below the market expectation of 1.5%, reflecting that extreme weather and asset shrinkage are continuously pressuring the domestic demand market.

You May Also Like

Other Industry

Semiconductor
Display
LED
Energy
Electronics
Telecom
Emerging Tech
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