Important Information for Visitors

Privacy Policy    Disclaimer   Contact Us

Home

© Copyright 2016 Topdown Charts Limited

Chart: China Consumer Confidence vs Retail Sales

June 14, 2018

Something curious is going on with Chinese retail sales.  In contrast to the official consumer confidence index, which has been booming - around multi-decade highs (highest since the early-1990's), retail sales growth has been on a declining path, and was particularly weak in May.  But one detail sticks out to me: headline retail sales YTD were up 9.5% vs 2017, yet online sales were up 30%.  Online sales, by the official statistics account for around 1/5th of total retail sales - and this could be understated, and one reason for the apparent divergence against consumer confidence.  As important as the booming online sales are though, the property market has been softening (which I have been talking about for a while) - and property still remains a key driver for the Chinese economy, so it may also be a reflection of actual slowing in activity also.  

 

 

 

Follow us on:

LinkedIn https://www.linkedin.com/company/topdown-charts

Twitter http://www.twitter.com/topdowncharts

Please reload

Follow us for updates:
  • Twitter Social Icon
  • LinkedIn Social Icon
Subscribe:

Top 5 Charts Of The Week

Institutional Reports

-Weekly Macro Themes

-Global Cross Asset Monitor

-Monthly Chartbook

access our exclusive research for deeper insights:

 

>>  Become a Client  <<

Search By Tags
Archive
Please reload

Important Notice

We offer exclusive insights for institutional clients with our suite of multi-asset investment research reports, personalized service, & global perspective.

Take a trial today...

Become a Client