YoY Change in Retail Sales in China
China| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
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| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-on-year (YoY) growth rate of retail sales measures the change in the total sales of retail goods in China for a specific month compared to the same month in the previous year. This data is released monthly by the National Bureau of Statistics (NBS) of China and is essential for understanding long-term trends in consumer spending.
If retail sales are increasing YoY, it indicates that consumer purchasing power is rising and the economy is expanding. Conversely, if retail sales are decreasing, it suggests that consumer purchasing power is declining and the economy may be stagnating. This data serves as a critical reference for policymakers when adjusting monetary and fiscal policies.
For example, if retail sales show strong growth, the central bank might consider raising interest rates to curb inflation risks. Conversely, if retail sales are declining, there might be a need to strengthen economic stimulus measures. Additionally, the retail sales data is crucial for businesses and investors, as it provides insights into consumer behavior and economic outlook, helping them make informed decisions.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
