Monitor CH Retail Sales y/y to gauge consumer spending, a key driver of economic activity.
This is the main indicator of consumer spending, which represents a significant portion of overall economic activity. It provides the earliest insight into essential consumer spending data.
What it Measures
The change in the total value of retail sales.
Usual Effect
If the 'Actual' figure exceeds the 'Forecast', it is favorable for the currency.
Source & Frequency
National Bureau of Statistics of China (latest release) - http://www.stats.gov.cn/english/ • Released monthly, except in February, typically around 15 days after the end of the month.
How Data is Derived
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Also Known As
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Acronym
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