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National Bureau of Statistics: total retail sales of consumer goods achieved positive growth in August
Sep 15,2020 10:12CST
translation
Source:National Bureau of Statistics
[national Bureau of Statistics: total retail sales of consumer goods achieved positive growth in August] in August, retail sales of consumer goods totaled 3.3571 trillion yuan, an increase of 0.5 percent over the same period last year, the first positive growth so far this year. Of this total, retail sales of consumer goods other than cars totaled 3.0158 trillion yuan, down 0.6 percent. From January to August, retail sales of consumer goods totaled 23.8029 trillion yuan, while retail sales of consumer goods except cars totaled 21.5139 trillion yuan, down 8.6 percent from the same period last year.
The content below was translated by Tencent automatically for reference.

SMM: in August, retail sales of consumer goods totaled 3.3571 trillion yuan, an increase of 0.5% over the same period last year, the first positive growth so far this year. Of this total, retail sales of consumer goods other than cars totaled 3.0158 trillion yuan, down 0.6 percent.

From January to August, retail sales of consumer goods totaled 23.8029 trillion yuan, while retail sales of consumer goods except cars totaled 21.5139 trillion yuan, down 8.6 percent from the same period last year.

According to the location of the business unit, retail sales of consumer goods in cities and towns totaled 2.9273 trillion yuan in August, up 0.5 percent from the same period last year, down 1.1 percent in July, while retail sales of rural consumer goods totaled 429.8 billion yuan, up 0.7 percent, compared with a decline of 1.3 percent in July. From January to August, retail sales of consumer goods in cities and towns totaled 20.6643 trillion yuan, down 8.7 percent from the same period last year, while retail sales of rural consumer goods totaled 3.1386 trillion yuan, down 8.3 percent.

According to the type of consumption, retail sales in August were 2.9951 trillion yuan, up 1.5 percent from the same period last year, 1.3 percentage points higher than in July, while catering income was 361.9 billion yuan, down 7.0 percent, 4 percentage points lower than in July. From January to August, retail sales totaled 21.6519 trillion yuan, down 6.3 percent from the same period last year, while catering revenue totaled 2.151 trillion yuan, down 26.6 percent.

From January to August, the country's online retail sales totaled 7.0326 trillion yuan, an increase of 9.5 percent over the same period last year and 0.5 percent higher than that of January-July. Among them, the online retail sales of physical goods totaled 5.8651 trillion yuan, up 15.8 percent, accounting for 24.6 percent of the total retail sales of consumer goods. Among the online retail sales of physical goods, food, clothing and consumer goods increased by 35.4 percent, 1.1 percent and 18.3 percent, respectively.

Notes

1. Revision note

The total retail sales of consumer goods in 2019 has been revised according to the results of the fourth national economic census, and the monthly growth rate in 2020 is calculated according to a comparable caliber.

two。 Index meaning

Total retail sales of consumer goods: refers to the amount of physical goods that enterprises (units) sell to individuals and social groups for non-production and non-business use through transactions, as well as the amount of income obtained from the provision of catering services.

Online retail sales: refers to the sum of retail sales of goods and services realized through public online trading platforms (including self-built websites and third-party platforms). Goods and services include physical goods and non-physical goods (such as virtual goods, service goods, etc.).

The total amount of retail sales of consumer goods includes online retail sales of physical goods, but does not include online retail sales of non-physical goods.

3. Statistical range

Legal person enterprises, industrial activity units and self-employed enterprises engaged in commodity retail activities or providing catering services. Among them, the units above the quota refer to wholesale enterprises (units) with annual main business income of 20 million yuan or more, retail enterprises (units) of 5 million yuan or more, and accommodation and catering enterprises (units) of 2 million yuan or more.

As the scope of enterprises (units) in the wholesale and retail, accommodation and catering industries above the quota changes from year to year, in order to ensure that this year's data is comparable to that of the previous year, the year-on-year growth rate of various indicators such as the retail sales of consumer goods above the quota is consistent with the statistical range of enterprises (units) in the current period, and there is a caliber difference with the data released last year. The main reason is that every year, some enterprises (units) meet the quota standard and are included in the scope of the survey, and at the same time, some enterprises (units) withdraw from the scope of the investigation because the scale is smaller than the quota standard. there is also the impact of newly opened enterprises, bankruptcy, note (hanging) sales enterprises (units).

4. Investigation method

All the units above the quota shall be investigated, and the units below the quota shall be sampled.

5. Month-on-month data revision

According to the results of the automatic correction of the seasonal adjustment model, the month-on-month growth rate of total retail sales of consumer goods since August 2019 is revised. The revised results and month-on-month figures for August 2020 are as follows:

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