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Coresight Bites: China Retail Sales Growth Slows to Single Digits for First Time in 2021

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  • 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.

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