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8/16/2021, 4:02 AM (Source: TeleTrader)
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China's retail sales rise by 8.5 % in July

Retail sales of consumer goods for July in China landed below analysts' projections despite rising by 8.5% compared to the same time last year to reach ¥3,492.5 billion, the country's National Bureau of Statistics (NBS) reported on Monday.

The measure of total receipts of the retailed consumer goods from January through July 2021 advanced by 20.7% on an annual basis to stand at ¥24,682.9 billion.

Analyzed by different areas, the data for the seven-month period showed the retail sales in urban areas reaching ¥3,037.9 billion, up by 8.4% year-on-year, while in rural areas the number increased by 8.8% to ¥454.7 billion.

Baha Breaking the News (BBN) / NL