Total Retail Sales of Consumer Goods in the First Two Months of 2017

In the first two months of 2017, the total retail sales of consumer goods reached 5,796.0 billion yuan, up by 9.5 percent year-on-year (nominal growth rate. The real growth rate was 8.1 percent. The follows are nominal growth rates if there’s no additional explanation). Of the total, the retail sales of consumer goods of units above designated size was 2,468.0 billion yuan, increased 6.8 percent.

From January to February, the total retail sales of consumer goods reached 4,945.8billion yuan, up by 9.2 percent year-on-year. Of the total, the retail sales of consumer goods of units above designated size was850.2billion yuan, increased 11.8percent.

In terms of different consumption patterns, the catering services in the first two months, gained 625.1billion yuan, up by 10.6percent, year-on-year. The retail sales of goods gained5,170.8billion yuan, up by 9.4percent.

The retail sales amount of goods of units above designated size in the first two months was 2,318.6 billion yuan, up by 6.8 percent year-on-year.

In the first two months of 2017, the national online retail sales of goods and services was 858.0billion yuan, increased 31.9 percent year-on-year. Of which, the online retail sales of physical goods was 641.9 billion yuan, increased 25.5 percent, accounting for 11.1 percent of the total retail sales of consumer goods; Of the online retail sales of physical goods, food, clothing and other commodities went up by 15.1 percent, 15.8 percent and 30.7 percent respectively.

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 includes online retail sales of physical goods, excludes online retail sales ofnon-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.

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 2016 was revised. The revised figures and figures in the first two months of 2017are as follows: