Retail sales change of consumer goods in China during COVID-19 pandemic 2020

In May 2020, the retail trade revenue of consumer goods in China was down 2.8 percent compared to the same time period in the previous year due to the coronavirus COVID-19 outbreak. This was the third consecutive improvement from a low of minus 20.5 percent in February 2020. The sales revenue of clothing, shoes and knitwear decreased by 0.6 percent in April, while the sales revenue of grain, oil and food products increased by 11.4 percent.

Change in retail sales revenue of consumer goods in China during coronavirus COVID-19 pandemic from January to May 2020, by product category

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Source

Release date

June 2020

Region

China

Survey time period

January to May 2020

Supplementary notes

According to the source, figures for January and February have been grouped together to curb the influence of the Chinese New Year on the statistic. Chinese New Year falls between January 21 and February 21.

Note: 1 yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of June 2020).

According to the source, retail sales refer to the trade revenue of tangible goods not intended for business use traded from wholesale and retail companies to individuals or non producing social organizations. Figures include total revenues of the food and beverage service industry.
During the survey, only wholesale companies with an annual revenue of 20 million yuan and above as well as retail companies with an annual revenue of five million yuan were questioned.

Figures for earlier years have been taken from previous publications.

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