BUSINESS China's retail sales up 7.2 pct in April

BUSINESS

China's retail sales up 7.2 pct in April

Xinhua

11:10, May 15, 2019

BEIJING, May 15 (Xinhua) -- China's retail sales of consumer goods rose 7.2 percent year on year to over 3 trillion yuan (436 billion U.S. dollars) in April, official data showed Wednesday.

VCG11485922049.jpg

(File Photo: VCG)

The growth narrowed from an increase of 8.7 percent registered in March, according to the National Bureau of Statistics (NBS). 

The indicator of consumption rose 8 percent year on year in the January-April period, down from the 8.3-percent rise seen in the first quarter, according to the NBS.

Wednesday's data also showed consumption in rural areas climbed 7.8 percent, outpacing a rise of 7.1 percent in urban regions. The catering industry reported a 8.5-percent increase in revenue.

Online retail sales maintained robust growth, surging 17.8 percent in the first four months, quickening from the 15.3-percent growth in the first quarter.

With a market of nearly 1.4 billion increasingly prosperous population, China strives to make consumption a major driver of its economic growth.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue