Coresight Bites: China Retail Sales Growth Slows but Remains Strong

• Coresight Research’s monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators, focusing on the US, the UK and China.
• China’s total retail sales (ex. food service, incl. automobiles and gasoline) remain strong, albeit slowing from around 30% growth in March to a mid-teens percentage rate in April 2021.
• Growth was against undemanding comparatives from one year earlier, when the country was suffering from the outbreak of Covid-19: Sales declined by nearly 5% year over year in April 2020. However, even comparing against pre-pandemic values, total sales in April 2021 saw solid growth.

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