The statistical report released by the China National Business Information Center shows that retail sales in the country’s 100 key large-scale retail enterprises showed a negative year-on-year growth of -7.99%.
Among them, in addition to the Spring Festival and other incomparable factors, this year from January to February this year, the retail sales of 100 key large-scale retail enterprises in China have increased by 6.1% year-on-year, 22.13 percentage points lower than the growth rate in the same period of last year, and it is the lowest level in the past five years.
As the Chinese New Year is ahead of schedule, consumption has been released ahead of schedule on the New Year's Day and the Spring Festival holiday. Consumer demand is relatively low in the first two months of this year.
Coupled with the fact that rain and snow in the south are not suitable for out shopping, the retail sales growth slowed for two consecutive months, making cumulative retail sales in January-February increase only 8.73% year-on-year, a slowdown of 20.26 percentage points from the same period last year.
“Compared with the same period of last year, the growth rate of most clothing sales did slow down.†Industry experts said that affected by factors such as rising clothing prices, persistent rain in some areas, and late spring weather affecting the spring weather, 1-2 months this year The cumulative retail sales of all types of clothing in the country’s 100 key large-scale retail enterprises decreased by 4.23% year-on-year.
Among them, in addition to the Spring Festival and other incomparable factors, this year from January to February this year, the retail sales of 100 key large-scale retail enterprises in China have increased by 6.1% year-on-year, 22.13 percentage points lower than the growth rate in the same period of last year, and it is the lowest level in the past five years.
As the Chinese New Year is ahead of schedule, consumption has been released ahead of schedule on the New Year's Day and the Spring Festival holiday. Consumer demand is relatively low in the first two months of this year.
Coupled with the fact that rain and snow in the south are not suitable for out shopping, the retail sales growth slowed for two consecutive months, making cumulative retail sales in January-February increase only 8.73% year-on-year, a slowdown of 20.26 percentage points from the same period last year.
“Compared with the same period of last year, the growth rate of most clothing sales did slow down.†Industry experts said that affected by factors such as rising clothing prices, persistent rain in some areas, and late spring weather affecting the spring weather, 1-2 months this year The cumulative retail sales of all types of clothing in the country’s 100 key large-scale retail enterprises decreased by 4.23% year-on-year.