According to the latest statistics from the Bureau of Statistics, in June 2018, the total retail sales of consumer goods nationwide was 3,844.2 billion yuan, a nominal increase of 9.0% year-on-year (the actual increase of 7.0% after deducting the price factor, the following nominal growth except for special instructions). From January to June, the total retail sales of consumer goods reached 180.18 billion yuan, a year-on-year increase of 9.4%. Among them, the retail sales of consumer goods above designated size was 699.38 billion yuan, an increase of 7.5%. In terms of furniture retail sales, the retail sales of furniture in June 2018 reached 21.3 billion yuan, an increase of 15% compared with the same period last year. From January to June 2018, the national retail sales of furniture reached 105.3 billion yuan, a year-on-year increase of 10.1%.
Retail sales and year-on-year growth of furniture in 2017-2018
Source: China Business Research Institute
From the perspective of growth rate, the national retail sales of furniture from January to June 2018 increased by 10.1% year-on-year, which was 0.7 percentage points higher than the growth rate of total retail sales of consumer goods in the same period.
Comparison of the growth rate of retail sales of furniture and the growth rate of total retail sales of consumer goods in 2017-2018
Source: China Business Research Institute
(This article Source: China Business Research Institute)
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