China's Jan-Jul 2026 Retail Sales Rise 1.2% to RMB 28.7744 Trillion
Data from the National Bureau of Statistics showed that in the first seven months of 2026, total retail sales of consumer goods reached RMB 28.7744 trillion, up 1.2% year on year. Among them, retail sales excluding automobiles amounted to RMB 26.5142 trillion, up 2.7%.
In July, total retail sales of consumer goods stood at RMB 3.9022 trillion, up 0.6% year on year and 0.06% month on month. Among them, retail sales excluding automobiles reached RMB 3.5892 trillion, up 2.5%.
Why this event matters
The event has a measured impact on 6 industrys. The strongest current signal is negative for Conventional Vehicles, with intensity 40/100 and 70% confidence over a short term horizon.
Conventional Vehicles
- Direction
- negative
- Intensity
- 40
- Confidence
- 70%
- Horizon
- Short term
Physical Retail
- Direction
- positive
- Intensity
- 30
- Confidence
- 60%
- Horizon
- Short term
New Energy Vehicles
- Direction
- negative
- Intensity
- 30
- Confidence
- 60%
- Horizon
- Short term
Beverages & Dairy
- Direction
- positive
- Intensity
- 25
- Confidence
- 55%
- Horizon
- Short term
Alcoholic Beverages
- Direction
- positive
- Intensity
- 25
- Confidence
- 55%
- Horizon
- Short term
Apparel & Footwear
- Direction
- positive
- Intensity
- 20
- Confidence
- 50%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.