China Consumer Confidence 1991 2021 Data 2022 2023 Forecast China consumer confidence: yoy change is updated monthly, available from jan 1991 to jul 2024, averaged at 0.2 % point. the data reached an all time high of 16.7 % point in oct 2017 and a record low of 35.0 % point in may 2022. in the latest reports, retail sales of china grew 12.7 % yoy in may 2023. Something curious is going on with chinese retail sales. in contrast to the official consumer confidence index, which has been booming around multi decade highs (highest since the early 1990's), retail sales growth has been on a declining path, and was particularly weak in may. but one detail sticks out to me: headline retail sales ytd were up 9.5% vs 2017, yet online sales were up 30%.
China Consumer Confidence December 2022 Data 1991 2021 Historical Download. consumer confidence in china decreased to 86.40 points in may from 88.20 points in april of 2024. consumer confidence in china averaged 109.69 points from 1991 until 2024, reaching an all time high of 127.00 points in february of 2021 and a record low of 85.50 points in november of 2022. source: national bureau of statistics of china. China total retail sales of consumer goods (yoy) 2024 07. 2.70 % 2.00 % specs. category. consumption consumer confidence. region. china. if the chart doesn't. After averaging 124.9, 119.5, and 121.2 in 2019, 2020, and 2021, respectively, china’s consumer confidence hit an all time low of 86.7 points in april 2022 and has yet to recover. at the same time, new household savings deposits ballooned to rmb13 trillion in the first nine months of the year, up from rmb10 trillion in 2020. Retail sales growth moderated in december (7.4% y o y vs 10.1% in november). while part of this slowdown was due to favorable base effects fading, quarterly data also show that the overall growth momentum in consumption moderated in q4. this is consistent with the continued weakness in consumer confidence and slow growth in household income.
Chart China Consumer Confidence Vs Retail Sales After averaging 124.9, 119.5, and 121.2 in 2019, 2020, and 2021, respectively, china’s consumer confidence hit an all time low of 86.7 points in april 2022 and has yet to recover. at the same time, new household savings deposits ballooned to rmb13 trillion in the first nine months of the year, up from rmb10 trillion in 2020. Retail sales growth moderated in december (7.4% y o y vs 10.1% in november). while part of this slowdown was due to favorable base effects fading, quarterly data also show that the overall growth momentum in consumption moderated in q4. this is consistent with the continued weakness in consumer confidence and slow growth in household income. However, consumer confidence in china remained low compared to the pre pandemic period. online retail capturing market share the rampant total retail sales of consumer goods in china 2013 2023. Retail sales yoy in china averaged 12.31 percent from 1993 until 2024, reaching an all time high of 37.40 percent in december of 1993 and a record low of 20.50 percent in january of 2020. this page provides china retail sales yoy actual values, historical data, forecast, chart, statistics, economic calendar and news.
How To Measure Consumer Confidence Index Asbakku However, consumer confidence in china remained low compared to the pre pandemic period. online retail capturing market share the rampant total retail sales of consumer goods in china 2013 2023. Retail sales yoy in china averaged 12.31 percent from 1993 until 2024, reaching an all time high of 37.40 percent in december of 1993 and a record low of 20.50 percent in january of 2020. this page provides china retail sales yoy actual values, historical data, forecast, chart, statistics, economic calendar and news.
Consumer Confidence In China Improves In July Ceic
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