China Retail Sales y/y show changes in the amount of retail goods sold during the given month compared to the same month of the previous year. General retail sales cover all sectors of the national economy and transfer of goods between retail stores and consumers.
The indicator is based on data from a survey of large companies with the annual income of no less than 20 million yuan and of their branches. Retail sales data allow evaluating the intensity of national trade flows and consumer spendings. Indicator growth can be seen as positive for the yuan.