China’s retail sales increased by 14.5% yoy in October9 November, 2012, 14:38. Posted by Zarathustra
Retail sales growth picked up from 14.2% yoy in September in nominal term to 14.5% yoy, better than market estimate of 14.4% yoy.
In real term, retail sales was up 13.5% yoy, up from 13.2% yoy in September.
On a seasonally adjusted month-on-month basis, however, retail sales increased 1.34% in October, down from the revised figure of 1.65% in September (revised from 1.46%).
Source: National Bureau of Statistics