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

In June 2026 (Q2 2026), China's cumulative total retail sales of consumer goods excluding autos reached 22,903.4 billion RMB, steadily climbing from the previous value and maintaining a year-on-year growth trend. Benefiting from major e-commerce promotions and the recovery of the service sector, recent core consumption performance has exceeded market expectations, demonstrating the underlying resilience and recovery potential of China's domestic demand market.

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AI Data Insight

In June 2026 (Q2 2026), China's cumulative total retail sales of consumer goods excluding autos reached 22,903.4 billion RMB, steadily climbing from the previous value and maintaining a year-on-year growth trend. Benefiting from major e-commerce promotions and the recovery of the service sector, recent core consumption performance has exceeded market expectations, demonstrating the underlying resilience and recovery potential of China's domestic demand market.

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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