China – Aug Retail Sales
14/09/2018 12:09 pm MYT
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Retail sales in Aug rose 9.0% from a year ago – see figure 1. After factoring out the price effect, real retail sales rose 6.6%, year-on-year. The performance of retail sales was adversely affected by a 3.2% contraction in vehicle sales in Aug. However, with a stable unemployment rate of 5.0%, private consumption should remain as the main driver of economic growth in the months ahead.

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