China Retail Sales Increased by 7.2% YoY in 2023

17 January 2024

In 2023, the total retail sales of consumer goods reached 47,149.5 billion yuan (6,615.8 billion USD) up by 7.2 percent over the previous year. In December, the total retail sales of consumer goods went up by 7.4 percent year on year, or a month-on-month growth of 0.42 percent. The retail sales of services in 2023 grew by 20.0 percent over that of the previous year.

Source: National Bureau of Statistics of China
Post by: Republic of Türkiye Ministry of Trade