Retail sales growth picked up further in November. Total retail sales rose 14.9% yoy in nominal term, or 13.6% yoy in real term, up from 14.2% yoy in nominal term in October, or 13.5% yoy in real term. This is better than consensus estimate of 14.6% yoy.
On a seasonally adjusted month-on-month basis, growth picked up from the revised 1.35% in October to 1.47% in November.
Source: NBS
This article originally appeared here: China’s retail sales rose 14.9% yoy in November
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