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

The latest data shows that in September 2026 (Q3 2026), China's cumulative total retail sales of consumer goods excluding automobiles reached 340,574 hundred million RMB, steadily expanding from the previous value of 301,764 hundred million RMB. Although communication equipment and online retail demonstrated resilience, the overall growth rate still fell short of market expectations, reflecting a bumpy road ahead for domestic demand recovery. Driven by the Golden Week dual-festival effect, short-term consumption data is expected to rebound.

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AI Data Insight

The latest data shows that in September 2026 (Q3 2026), China's cumulative total retail sales of consumer goods excluding automobiles reached 340,574 hundred million RMB, steadily expanding from the previous value of 301,764 hundred million RMB. Although communication equipment and online retail demonstrated resilience, the overall growth rate still fell short of market expectations, reflecting a bumpy road ahead for domestic demand recovery. Driven by the Golden Week dual-festival effect, short-term consumption data is expected to rebound.

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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