Economic Buzz: Chinas Retail Sales Rise 5.4% On Year In August

16 Sep 2022 , 12:34 PM

Chinas retail sales rose 5.4 percent year on year in August, data from the National Bureau of Statistics (NBS) showed Friday. This showed an improvement from a 2.7 percent increase registered in July. The countrys retail sales of consumer goods totaled 3.63 trillion yuan in August, according to the NBS. In the first eight months, retail sales rose 0.5 percent year on year to 28.26 trillion yuan, compared with a 0.2 percent fall in the January-July period.Powered by Commodity Insights