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China sees surge in retail sales with 10.1% YoY growth in November

16 Dec '23
1 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • China's retail sales of consumer goods rose 10.1 per cent year-on-year in November 2023, up from 7.6 per cent in October, according to the National Bureau of Statistics.
  • From January to November, total retail sales reached 42.79 trillion yuan (about $6.03 trillion), a 7.2 per cent increase from last year, indicating a robust consumption trend.
China reported a 10.1 per cent year-on-year increase in retail sales of consumer goods in November, as per the National Bureau of Statistics (NBS). This marked acceleration compares to a 7.6 per cent growth observed in October.

During the January to November period, China’s total retail sales of consumer goods reached an impressive 42.79 trillion yuan (approximately $6.03 trillion). This figure represents a 7.2 per cent increase compared to the same period last year.

Fibre2Fashion News Desk (DP)

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