MacroA-sharesNews brief

China's Jan-Jul 2026 Retail Sales Rise 1.2% to RMB 28.7744 Trillion

Published: Updated: By 24TopNews Editorial Desk

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%.

24TOPNEWS IMPACT INTELLIGENCE

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.

Automotive · 8.2

Conventional Vehicles

Direction
negative
Intensity
40
Confidence
70%
Horizon
Short term
Effective impact -18
Consumer & Retail · 12.14

Physical Retail

Direction
positive
Intensity
30
Confidence
60%
Horizon
Short term
Effective impact +12
Automotive · 8.3

New Energy Vehicles

Direction
negative
Intensity
30
Confidence
60%
Horizon
Short term
Effective impact -12
Food & Beverages · 5.6

Beverages & Dairy

Direction
positive
Intensity
25
Confidence
55%
Horizon
Short term
Effective impact +9
Food & Beverages · 5.7

Alcoholic Beverages

Direction
positive
Intensity
25
Confidence
55%
Horizon
Short term
Effective impact +9
Consumer & Retail · 12.5

Apparel & Footwear

Direction
positive
Intensity
20
Confidence
50%
Horizon
Short term
Effective impact +6

Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.