Free Data Graphic 2 minutesFree ReportCoresight Bites: China Retail Sales Growth Slows to Single Digits for First Time in 2021 Coresight Research August 24, 2021 Coresight Bites provide free snapshots of Coresight Research data and findings. Subscribers can access the full research here. To find out how to subscribe, click here. 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) grew 7.8% year over year, easing from 11.2% growth in June and representing the weakest growth in retail sales since December 2020, indicating that recovery is losing momentum. The National Bureau of Statistics attributed the slowdown to the combined impact of sporadic local Covid-19 outbreaks and natural disasters. Click the image to read more about the topic. This document was generated for Other research you may be interested in: 99 Cents Only and Family Dollar Store Closures: Implications from Shopper Profiles and Store LocationsOctober 2023 US Housing Market Indicators: Elevated Mortgage Rates Push Housing Sentiment Even LowerRetail-Tech Trends 2024—Reshaping Retail: Insights Presented at CES 2024US Consumer Tracker Extra: Which Consumers Are Trading Down To Combat Inflation?