15 September 2021 10:36

China's retail sales up 2.5 pct in August

China's retail sales up 2.5 pct in August

China's retail sales of consumer goods went up 2.5 percent year on year in August this year, data from the National Bureau of Statistics (NBS) showed Wednesday.

The country's retail sales of consumer goods totaled around 3.44 trillion yuan (about 533 billion U.S. dollars) in August, data from the NBS showed.

Retail sales in last month were 3 percent higher from the level in August 2019. The two-year average growth was 1.5 percent.

In the January-August period, retail sales gained 18.1 percent year on year and was up 8 percent from the same period in 2019, according to the NBS.

In the first eight months, the catering industry saw a year-on-year increase of 34.4 percent in revenue, as the hardest-hit sector continued to recover from COVID-19 disruptions.

Online consumption remained a bright spot, with online retail sales rising 19.7 percent year on year to reach about 8.12 trillion yuan in the Jan.-Aug. period.

TV BRICS reports with reference to Xinhua News Agency.


More on the subject
24 September 19:01
In August, steel production and sales increased in Brazil
23 September 13:01
China-Northeast Asia Expo opens in NE China
22 September 12:53
China's loan prime rates remain unchanged
21 September 15:01
Russia says the country's gas reserves will last for years
20 September 17:19
MTN Business partners with government to rebuild the economy
18 September 18:11
Brazil has had record soy harvest