China: Real Consumption Expenditure per Capita (YoY)

Macro

2026-10-19

Description

China Real Consumption Expenditure per Capita is compiled and published by the National Bureau of Statistics (NBS) of China. This indicator measures the year-over-year change in the average consumption expenditure of Chinese residents in real terms, adjusted for inflation. It reflects changes in residents' actual purchasing power and serves as an important indicator for assessing consumption capacity and economic well-being. An increasing year-over-year rate typically indicates an improvement in living standards and enhanced purchasing power, while a decreasing rate may suggest reduced consumer spending or increased economic pressures.

Published by
National Bureau of Statistics of China (Choice)
Frequency
Quarterly
Next Update
Hashtags
China Consumption

AI Data Insight

China's national real per capita consumption expenditure growth rate for the third quarter of 2026 reported at 2.7% year-on-year, completely flat compared to the second quarter, indicating that consumption momentum continues to linger at a low level. Although GDP during the same period exceeded expectations driven by high-tech exports, residents' high precautionary savings and the real estate downturn continue to suppress overall domestic demand and the strength of the consumption recovery.

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AI Data Insight

China's national real per capita consumption expenditure growth rate for the third quarter of 2026 reported at 2.7% year-on-year, completely flat compared to the second quarter, indicating that consumption momentum continues to linger at a low level. Although GDP during the same period exceeded expectations driven by high-tech exports, residents' high precautionary savings and the real estate downturn continue to suppress overall domestic demand and the strength of the consumption recovery.

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Macro
Description

China Real Consumption Expenditure per Capita is compiled and published by the National Bureau of Statistics (NBS) of China. This indicator measures the year-over-year change in the average consumption expenditure of Chinese residents in real terms, adjusted for inflation. It reflects changes in residents' actual purchasing power and serves as an important indicator for assessing consumption capacity and economic well-being. An increasing year-over-year rate typically indicates an improvement in living standards and enhanced purchasing power, while a decreasing rate may suggest reduced consumer spending or increased economic pressures.

Published by
National Bureau of Statistics of China (Choice)
Frequency
Quarterly
Next Update
Hashtags
China Consumption