Retail

China's Oct retail sales grow faster; industrial output up 5.3% YoY

15 Nov '24

1 min read

China's Oct retail sales grow faster; industrial output up 5.3% YoY

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Insights

China's consumer goods retail sales rose by 4.8 per cent YoY in October, quickening from September's 3.2-per cent rise.
In the first 10 months of 2024, such sales grew by 3.5 per cent YoY—0.2 pp higher than the January-September period.
The value-added industrial output grew by 5.3 per cent YoY and 0.41 per cent month on month in October.
Between January and October, it rose by 5.8 per cent YoY.

The consumer market in China saw faster growth in October this year. Retail sales of consumer goods rose by 4.8 per cent year on year (YoY) in the month, quickening from the 3.2-per cent increase in September, the National Bureau of Statistics (NBS) said.

In the first 10 months this year, such sales expanded by 3.5 per cent YoY—0.2 percentage points higher than the January-September period.

The country’s value-added industrial output expanded by 5.3 per cent YoY and by 0.41 per cent month on month in October, a state-controlled media outlet reported citing NBS data. During the January-October period, it rose by 5.8 per cent YoY.

The industrial output measures the activity of enterprises each with an annual main business turnover of at least $2.8 million.

Fibre2Fashion News Desk (DS)

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