商务部：10月消费市场保持平稳增长态势

Core Insights - The consumption market in China showed steady growth in October, driven by the National Day and Mid-Autumn Festival holidays, with new consumption patterns emerging and retail sales of new energy passenger vehicles increasing by 7.3% [1][2] Group 1: Retail Performance - In October, the total retail sales of consumer goods grew by 2.8%, with significant increases in the sales of communication equipment (23.2%), cultural and office supplies (13.5%), and furniture (9.6%) [1] - Basic living goods saw robust growth, with retail sales of grain and oil foods increasing by 9.1% and clothing and footwear by 6.3% [1] - Upgraded consumer goods experienced strong demand, with retail sales of gold and silver jewelry rising by 37.6%, sports and entertainment products by 10.1%, and cosmetics by 9.6% [1] Group 2: New Consumption Trends - New consumption categories are growing rapidly, with smart health devices sales increasing over 20%, smart wearable devices by approximately 4%, and organic food sales by over 8% [2] - The penetration rate of new energy passenger vehicles reached 57.2% in October, with retail sales growing by 7.3% [2] - Online retail sales of physical goods increased by 6.3% from January to October [2] Group 3: Rural and Service Consumption - Rural retail sales of consumer goods grew by 4.1% in October, outpacing urban growth by 1.4 percentage points [2] - From January to October, service retail sales increased by 5.3%, outpacing goods retail sales growth by 0.9 percentage points [3] - The tourism sector saw a significant boost, with inbound tourism reaching 751,000 foreign visitors during the National Day and Mid-Autumn Festival holidays, marking a 19.8% increase [3]