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Charts: Retail Trends in China Q3 2023 – Practical Ecommerce

Charts: Retail Trends in China Q3 2023 – Practical Ecommerce

September 27, 2023 • Total retail sales of consumer goods in China amounted to 3.676 trillion yuan ($503 billion) in July 2023, marking a 2.5% year-over-year increase. That’s according to the country’s National Bureau of Statistics, a government agency.The agency defines “total retail sales of consumer goods” as “the amount of physical goods sold by enterprises (units and individual households) to individuals and social groups for non-production and non-business purposes, as well as the amount of income obtained from providing catering services.”According to the Bureau, retail sales in China decreased by 0.02% in July 2023 over the previous month and increased by 2.5% from a year earlier.–In July 2023, China’s total retail sales (online and offline) in the grain, oil, and food category increased by 5.5% compared to July 2022, while gold, silver, and jewelry saw a 10.0% decrease year-on-year. 

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