Consumer Staples, Consumer Discretionary Aug 14, 2020 11:32 AM (GMT+8) · EqualOcean
According to the National Bureau of Statistics, in July, the total retail sales of consumer goods were CNY 3.22 trillion, a YoY decrease of 1.1%, and the rate of decline was 0.7 percentage points lower than the previous month. Among them, the retail sales of consumer goods other than automobiles were CNY 2.89 trillion, down 2.4%. From January to July, the total retail sales of consumer goods were CNY 20.45 trillion, a year-on-year decrease of 9.9%. Among them, the retail sales of consumer goods other than automobiles were CNY 18.49 trillion, down 9.7%.