Total retail sales of consumer goods went up by 4.3 percent in October 2020

Nov 25, 2020  |  by Zhao xh

In October, the total retail sales of consumer goods reached 3,857.6 billion yuan, up 4.3 percent year-on-year, 1.0 percentage point faster than that of the previous month. Among them, the retail sales of consumer goods excluding automobiles reached 3,486.8 billion yuan, an increase of 3.6 percent.
                                                                   
From January to October, the total retail sales of consumer goods reached 31,190.1 billion yuan, down 5.9 percent year on year. Among them, the retail sales of consumer goods excluding automobiles totaled 28,142.8 billion yuan, down 6.0 percent.
 
According to the location of business units, in October, the retail sales of consumer goods in urban areas reached 3,349.8 billion yuan, an increase of 4.2 percent over the same period last year; the retail sales of consumer goods in rural areas reached 507.8 billion yuan, an increase of 5.1 percent. From January to October, the retail sales of consumer goods in urban areas totaled 27,034.1 billion yuan, a year-on-year decrease of 6.0 percent; that of rural consumer goods was 4,155.9 billion yuan, a decrease of 5.4 percent.
 
According to consumption types, in October, retail sales of goods reached 3,420.4 billion yuan, an increase of 4.8 percent over the same period last year; catering revenue was 437.2 billion yuan, an increase of 0.8 percent, and a decrease of 2.9 percent in September. From January to October, the retail sales of commodities reached 28,230.3 billion yuan, a year-on-year decrease of 4.0 percent, and the catering revenue was 2,959.8 billion yuan, a decrease of 21.0 percent.
 
From January to October, the national online retail sales reached 9,127.5 billion yuan, an increase of 10.9 percent year-on-year, 1.2 percentage points higher than that of January to September. Among them, the online retail sales of physical goods reached 7,561.9 billion yuan, an increase of 16.0 percent, accounting for 24.2 percent of the total retail sales of social consumer goods; among the online retail sales of physical goods, the sales of food, clothing and consumer goods increased by 34.3, 5.6 and 17.4 percent respectively.
Source: National Bureau of Statistics of China

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