Total Retail Sales of Consumer Goods Went Up by 33.8 percent from January to February 2021
National Bureau of Statistics of China2021-03-16 10:00




From January to February, the total retail sales of social consumer goods reached 6,973.7 billion yuan, a year-on-year increase of 33.8 percent; compared with January to February in 2019, it increased by 6.4 percent, with an average growth rate of 3.2 percent in two years. Among them, the retail sales of consumer goods other than automobiles reached 6,307.6 billion yuan, an increase of 30.4 percent and an average growth of 2.9 percent in two years. After deducting price factors, the total retail sales of social consumer goods from January to February 2021 increased by 34.3 percent in real terms, with an average growth of 1.2 percent in two years.

 

                                                                    

From January to February, the retail sales of urban consumer goods reached 6,055.2 billion yuan, a year-on-year increase of 34.9 percent and an average increase of 3.4 percent in two years; the retail sales of rural consumer goods reached 918.5 billion yuan, a year-on-year increase of 26.7 percent and an average increase of 1.3 percent in two years.

                                                                                 

According to the consumption type, from January to February, commodity retail sales amounted to 6,265.1 billion yuan, an increase of 30.7 percent year-on-year, an average growth of 3.8 percent in two years; catering income was 708.5 billion yuan, up 68.9 percent year-on-year, and 2.0 percent on average in two years.

 

 

From January to February, the national online retail sales volume was 1,758.7 billion yuan, an increase of 32.5 percent year-on-year, and an average growth of 13.3 percent in two years. Among them, the online retail sales of physical goods reached 1,441.2 billion yuan, a year-on-year growth of 30.6 percent, with an average growth of 16.0 percent in two years, accounting for 20.7 percent of the total retail sales of social consumer goods; in the online retail sales of physical goods, food, clothing and consumer goods increased by 41.6, 44.3 and 25.1 percent, respectively, with an average growth of 33.8, 8.7 and 16.0 percent in two years.

 

Total Retail Sales of Consumer Goods from January to February 2021

 

 

tem

Jan-Feb

Absolute Value

(100 million yuan)

Y/Y

(%)

 

 

 

Total Retail Sales of Consumer Goods

69737

33.8

 Of Which: Retail Sales of the Enterprises (units) excluding automobiles

63076

30.4

Of Which: Retail Sales of the Enterprises (units) above Designated Size

24375

43.9

   Of Which: Online Retail Sales of Physical Goods

14412

30.6

Grouped by Different Areas

 

 

 City

60552

34.9

 At and Below County Level

9185

26.7

Grouped by Consumption Patterns

 

 

 Catering Services

7085

68.9

  Of which: Income of Catering Services of the Enterprises (units) above Designated Size

1459

61.8

 Retail Sales of Goods

62651

30.7

  Of which: Income of Retail Sales of Goods of the Enterprises (units) above Designated Size

22916

42.9

   Of which: Grain, Oil, Foodstuff

2828

10.9

Beverages,

439

36.9

Tobacco and Liquor

861

43.9

      Garments, Footwear, Hats, Knitwear

2262

47.6

      Cosmetics

558

40.7

      Gold, Silver and Jewelry

545

98.7

      Commodities

1093

34.6

      Household Appliances and AV Equipment

1152

43.2

      Traditional Chinese and Western Medicines

879

16.9

      Cultural and Office Appliances

515

38.3

      Furniture

223

58.7

      Communication Appliances

1005

53.1

      Petroleum and Related Products

2738

21.9

      Automobile

6661

77.6

      Building and Decoration Materials

221

52.8

 

 

 

Notes: 1. The growth rate in this table are all nominal growth rate without deducting the price factor. 

   2. Some data in this table are not equal to total and itemized total due to rounding.

       

 

Annotations:

 

1. Explanatory Notes

 

Total Retail Sales of Consumer Goods: refers to the sales of physical commodity or the income of catering services sold or provided by enterprises (units) to individuals, social organizations for non-production and non-operation purposes.

 

Online Retail Sales: refers to the sales of goods and services got through public online trading platform (including self-built websites and third-party platform). Goods and services include physical goods and non-physical goods (such as virtual product, services). 

 

The total retail sales of consumer goods include online retail sales of physical goods, excludes online retail sales of non-physical goods.

 

2. Statistical Coverage

 

The corporate enterprises, industrial activity units or self-employed individuals which retail goods or provide catering services. Enterprises (units) above designated size refer to those wholesale enterprises (units) with an annual revenue from primary business of 20 million yuan and above, those retail enterprises (units) with an annual revenue from primary business of 5 million yuan and above, and those hotel and catering enterprises (units) with an annual revenue from primary business of 2 million yuan and above.

 

As the scope of wholesale and retail enterprises, accommodation and catering enterprises (units) above the designated size changes every year, the same period used to calculate the growth rate of retail sales per unit of consumer goods above the designated size is consistent with the statistical range of enterprises (units) in this period, and there is a caliber difference from the data released last year in order to ensure that the current year's data are comparable with the previous years. The main reasons are as follows: some enterprises (units) reach the designated size and are included in the scope of the investigation every year, at the same time, some enterprises (units) withdraw from the scope of the investigation because their scale is smaller than the designated size, and there are also the effects of newly opened enterprises, bankruptcy, note (revocation) enterprises (units).

 

3. Survey Methods

 

All enterprises (units) above designated size are surveyed, while the data of enterprises (units) below designated size are collected by sampling survey.

 

4. Month-on-Month Figure Revision

 

According to the auto-revision function of the seasonal adjustment model, the growth rate of the total retail sales of consumer goods since February 2020 was revised. The revised figures and figures are as follows:

  

The Month-on-Month Growth Rate

of Total Retail Sales of Consumer Goods

 

Months

Growth Rate (%)

 

 

2020-February

0.94

March

0.87

April

0.99

May

3.84

June

1.25

July

0.52

August

1.21

September

4.77

October

0.56

November

1.36

December

1.26

2021-January

-1.40

February

0.56

 

 

 

5. In order to eliminate the influence of the uncertain date of the Spring Festival and enhance the comparability of the data, according to the national statistical system, the data from January to February over the years are investigated and released together.

 

6. The two-year average growth rate refers to the growth rate calculated by geometric average method based on the corresponding number of the same period in 2019.

 

Annex
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