CH Retail Sales y/y
It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;
This is the earliest look at vital consumer spending data;
- CH Retail Sales y/y Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 16, 2024 | 3.7% | 3.0% | 2.3% |
May 16, 2024 | 2.3% | 3.7% | 3.1% |
Apr 15, 2024 | 3.1% | 5.1% | 5.5% |
Mar 17, 2024 | 5.5% | 5.6% | 7.4% |
Jan 16, 2024 | 7.4% | 7.9% | 10.1% |
Dec 14, 2023 | 10.1% | 12.6% | 7.6% |
Nov 14, 2023 | 7.6% | 7.1% | 5.5% |
Oct 17, 2023 | 5.5% | 5.0% | 4.6% |
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- CH Retail Sales y/y News
- From cnbc.com|Jun 17, 2024
China’s retail sales beat expectations in May, climbing 3.7% compared with a year ago, beating expectations of a 3% rise from a Reuters poll of economists. However, other economic metrics, such as industrial output and fixed asset investment, missed Reuters forecasts. Industrial output grew by 5.6% year-on-year, compared to the 6% increase expected, while fixed asset investment rose 4% compared to last May, just shy of the 4.2% forecast by the Reuters poll. The country’s National Bureau of Statistics elaborated that the total retail ...
- From stats.gov.cn|Jun 16, 2024
In May, under the strong leadership of the Central Committee of the Communist Party of China (CPC) with Comrade Xi Jinping at its core, all regions and departments strictly implemented the decisions and arrangements made by the CPC Central Committee and the State Council, adhered to the general principle of pursuing progress while ensuring stability, fully and faithfully applied the new development philosophy on all fronts, accelerated the efforts to foster a new development pattern, and took solid steps to promote high-quality ...
- From think.ing.com|May 17, 2024|1 comment
April's data continued to show a shift away from consumption as a growth driver for 2024. April retail sales growth fell to 2.3% YoY, down from 3.1% YoY in March, bringing the year-to-date growth rate to 4.1% YoY. The largest drag to retail sales in April was tied to auto sales, which declined -5.6% YoY, and the data may add fuel to the fire for the critics of China's overcapacity in this sector. Another major category, household appliances, also slowed to 4.5% YoY. As trade-in policies take effect later in the year, these categories ...
- From stats.gov.cn|May 16, 2024
In April, under the strong leadership of the Central Committee of the Communist Party of China (CPC) with Comrade Xi Jinping at its core, all regions and departments strictly implemented the decisions and arrangements made by the CPC Central Committee and the State Council, adhered to the general principle of pursuing progress while ensuring stability, and fully and faithfully applied the new development philosophy on all fronts. All regions and departments accelerated the efforts to foster a new development pattern, took solid steps ...
- From xm.com|May 10, 2024
At last week’s meeting, the Fed appeared less hawkish than expected, with Chair Powell ruling out rate hikes and hinting that they are still leaning towards cuts. The softer-than-expected jobs report for April corroborated that view, which was echoed by more policymakers this week. The only official expressing a different view was Minneapolis Fed President Neel Kashkari, who said that interest rates may need to stay at current levels all year and that the bar for a rate hike, although quite high, is not infinite. With all that in ...
- From corporate.nordea.com|Apr 16, 2024
The first quarter data confirmed that stimulus measures are boosting China’s GDP growth towards the 5% target in 2024. At the same time, sectoral differences are large as consumer confidence is weak and the downturn in the housing sector continues. China’s GDP increased by 5.3% y/y and 1.6% q/q in the first quarter of 2024. The quarterly numbers were somewhat higher than had been expected but many monthly indicators actually weakened in March. There continues to be large sectoral differences in the short-term outlook which is not a ...
- From think.ing.com|Apr 16, 2024
China’s National Bureau of Statistics has published key economic activity for March and the first quarter of 2024. The highlight was China's 1Q24 GDP coming in stronger than expected at 5.3% YoY, well above the market consensus and our forecasts for 4.8% and 4.7% growth respectively. This positive start to the year bodes well for the economy managing to achieve its 5% growth target for 2024. In the past few months, we have discussed shifting growth drivers in China, and this month’s data further illustrated this development. ...
Released on Jun 16, 2024 |
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