National Bureau of Statistics: Total retail sales of consumer goods increased by 8.6percent in May.

category:Finance
 National Bureau of Statistics: Total retail sales of consumer goods increased by 8.6percent in May.


According to consumption type, in May, catering income was 363.1 billion yuan, an increase of 9.4% compared with the same period last year; retail sales of goods were 2932.4 billion yuan, an increase of 8.5%. From January to May, catering revenue was 1 755.6 billion yuan, an increase of 9.3% compared with the same period last year, while retail sales of commodities were 1 437.5 billion yuan, an increase of 8.0%.

From January to May 2019, the national online retail sales volume was 3864.1 billion yuan, an increase of 17.8% over the same period last year. Among them, online retail sales of physical goods increased by 21.7% to 304.15 billion yuan, accounting for 18.9% of the total retail sales of consumer goods; online retail sales of food, clothing and other goods increased by 28.5%, 21.2% and 21.2%, respectively.

Note appended

1. The Meaning of Indicators

Total retail sales of social consumer goods: refers to the amount of physical goods sold by enterprises (units) to individuals and social groups for non-production and non-business purposes through transactions, as well as the amount of income derived from the provision of catering services.

Online retail sales: refers to the total retail sales of goods and services through public online trading platforms (including self-built websites and third-party platforms). Goods and services include physical goods and non-physical goods (such as virtual goods, service goods, etc.).

The total retail sales of social consumer goods include the online retail sales of physical goods, but exclude the online retail sales of non-physical goods.

Corporate enterprises, industrial activity units and individual households engaged in commodity retail activities or providing catering services. Among them, units above the quota refer to wholesale enterprises (units) with annual main business income of 20 million yuan or more, retail enterprises (units) with annual main business income of 5 million yuan or more, accommodation and catering enterprises (units) with annual main business income of 2 million yuan or more.

According to the result of automatic revision of seasonal adjustment model, the annual growth rate of total retail sales of social consumer goods since May 2018 is revised. The revised results and the ring-to-ring data for May 2019 are as follows: