China’s retail sales growth missed estimate in May 20129 June, 2012, 13:47. Posted by Zarathustra
China’s retail sales growth in May has missed estimate.
Retail sales increased by 13.8% yoy in May in nominal term, below consensus forecast of 14.2% yoy. In real term, retail sales growth increased slightly from 10.7% yoy in April to 11.0% yoy in May.
On a month-on-month (not-seasonally adjusted) basis, however, retail sales increased by 0.84% in May, falling from the 1.13% growth in April.
After seasonal adjustment, month-on-month growth in May was down from 0.96% to 0.84%, with the downward trend intact.
Source: National Bureau of Statistics