China Retail Sales Rise 1.1% in First Eight Months of 2026
In January-August 2026, total retail sales of consumer goods amounted to RMB 327,569 million, up 1.1% year on year. Excluding automobiles, retail sales of consumer goods reached RMB 301,764 million, up 2.7% year on year. By consumption type, goods retail sales stood at RMB 290,203 million, up 1.0% year on year, while catering revenue was RMB 37,366 million, up 2.4% year on year.
In August 2026, total retail sales of consumer goods reached RMB 39,824 million, up 0.4% year on year and down 0.13% month on month. Excluding automobiles, retail sales of consumer goods amounted to RMB 36,545 million, up 2.5% year on year. By consumption type, goods retail sales were RMB 35,280 million, up 0.3% year on year, while catering revenue was RMB 4,544 million, up 1.1% year on year.
Why this event matters
The event has a measured impact on 5 industrys. The strongest current signal is negative for Physical Retail, with intensity 65/100 and 70% confidence over a short term horizon.
Physical Retail
- Direction
- negative
- Intensity
- 65
- Confidence
- 70%
- Horizon
- Short term
Conventional Vehicles
- Direction
- negative
- Intensity
- 70
- Confidence
- 65%
- Horizon
- Short term
Restaurants
- Direction
- mixed
- Intensity
- 50
- Confidence
- 65%
- Horizon
- Short term
Domestic E-commerce
- Direction
- neutral
- Intensity
- 45
- Confidence
- 50%
- Horizon
- Short term
New Energy Vehicles
- Direction
- mixed
- Intensity
- 50
- Confidence
- 45%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.