China's retail sales down 2.8% in May

0 Comment(s)Print E-mail Xinhua, June 15, 2020
Adjust font size:

China's retail sales of consumer goods, a major indicator of consumption growth, declined 2.8 percent year on year in May, the National Bureau of Statistics (NBS) said Monday.

The figure rebounded from a drop of 7.5 percent in April, NBS data showed.

In May, retail sales of consumer goods reached 3.2 trillion yuan (about 451 billion U.S. dollars), up 0.79 percent month on month.

In the first five months, China's retail sales of consumer goods went down 13.5 percent year on year to reach 13.9 trillion yuan, narrowing by 2.7 percentage points from the first four months.

Retail sales in rural areas dropped 3.2 percent year on year in May, while that in urban areas decreased 2.8 percent.

Revenues of the catering sector, one of the worst-hit industries by COVID-19, fell 18.9 percent year on year in May, narrowing by 12.2 percentage points from April, said the NBS.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter