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Economy

China's retail sales up 12.7 pct in May

June 15, 2023


Abstract : China's retail sales of consumer goods, a major indicator of the country's consumption strength, surged 12.7 percent year on year in May, data from the National Bureau of Statistics (NBS) showed Thursday.

A consumer shops at a supermarket in Anshun, southwest China's Guizhou Province, April 11, 2023. China's consumer prices registered a mild growth in March, in sharp contrast to the persistent global inflation, official data showed. (Photo by Chen Xi/Xinhua)

BEIJING, June 15 (Xinhua) -- China's retail sales of consumer goods, a major indicator of the country's consumption strength, surged 12.7 percent year on year in May, data from the National Bureau of Statistics (NBS) showed Thursday.

In the January-May period, the country's retail sales of consumer goods increased 9.3 percent year on year, according to the NBS.

It totaled 18.76 trillion yuan (about 2.62 trillion U.S. dollars) in the first five months of 2023.

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Keyword: retail sales

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