China's retail sales up 4.1% in Jan-Apr, driven by online surge

Source：CHINA SPORTING GOODS FEDERATIONRelease time：2024-05-20Clicks：

Article From：fibre2fashion

In the first four months of 2024, China's retail sales of consumer goods, a key indicator of the country's consumption strength, rose by 4.1 per cent year on year, according to official data released by the National Bureau of Statistics (NBS) on Friday.

Urban areas saw a 4 per cent increase in retail sales, while rural areas experienced a more substantial rise of 4.8 per cent. Online retail sales saw an impressive surge, climbing 11.5 per cent year on year.

Online sales of physical goods contributed significantly, growing by 11.1 per cent and accounting for 23.9 per cent of the total retail sales of consumer goods, said Chinese media reports quoting NBS.

In April alone, retail sales of consumer goods expanded by 2.3 per cent compared to the same period last year, further showcasing the ongoing recovery and strength of consumer spending.