China's total retail sales grow 3.9% YoY in Nov

The total retail sales of garments, footwear, hats and knitwear decreased by 0.5 per cent YoY to reach 1,484 billion yuan and recorded a 14.9 per cent increase YoY between January to November to reach 12,363 billion yuan.

Among them, the retail sales of consumer goods other than automobiles reached 3,726.6 billion yuan, an increase of 5.4 per cent. Excluding price factors, the total retail sales of social consumer goods in November increased by 0.5 per cent year-on-year. On a month-on-month basis, the total retail sales of social consumer goods increased by 0.22 per cent in November.

From January to November, the total retail sales of social consumer goods reached 39,955.4 billion yuan, a year-on-year increase of 13.7 per cent, an increase of 8.2 per cent over January to November 2019. Among them, the retail sales of consumer goods other than automobiles reached 36,033.9 billion yuan, an increase of 14 per cent.

From January to November, the national online retail sales reached 11,874.9 billion yuan, a year-on-year increase of 15.4 per cent. Among them, the online retail sales of physical goods reached 9,805.6 billion yuan, an increase of 13.2 per cent, accounting for 24.5 per cent of the total retail sales of social consumer goods; Among the online retail sales of physical goods, food, clothing and consumer goods increased by 18.8, 11.1 and 13.1 per cent respectively.

ALCHEMPro News Desk (KD)