China's retail sales up 3% YoY, industrial output up 5.4% YoY in Nov

In the first 11 months this year, such sales totalled nearly 44.3 trillion yuan—up by 3.5 per cent YoY. Online retail sales of consumer goods stood at around 14 trillion yuan—up by 7.4 per cent—during the period.

Retail sales of consumer goods in urban regions rose by 2.9 per cent YoY to 3.76 trillion yuan last month, while sales in rural regions stood at 616.7 billion yuan—up by 3.2 per cent YoY.

The country’s value-added industrial output expanded by 5.4 per cent YoY in November. It edged up by 0.46 per cent month on month in November. During the January-November period, it rose by 5.8 per cent YoY, according to Chinese media reports.

The industrial output measures the activity of enterprises each with an annual main business turnover of at least 20 million yuan ($2.8 million).

ALCHEMPro News Desk (DS)