BUSINESS China's retail sales up 3.3 pct in September

BUSINESS

China's retail sales up 3.3 pct in September

Xinhua

10:45, October 19, 2020

File photo: CGTN

BEIJING, Oct. 19 (Xinhua) -- China's retail sales of consumer goods climbed 3.3 percent year on year in September, the National Bureau of Statistics said Monday.

The growth picked up after the major consumption gauge posted its first positive growth this year in August by rising 0.5 percent year on year.

Retail sales of consumer goods rose 0.9 percent year on year in the third quarter of the year, the first positive quarterly growth this year.

In the first three quarters, the indicator went down 7.2 percent year on year to 27.33 trillion yuan (about 4.08 trillion U.S. dollars), with the decline narrowing by 4.2 percentage points from the first half of the year.

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