统计局回应消费增速连续6个月放缓

Core Viewpoint - The overall retail sales of consumer goods in China have shown a year-on-year growth of 1.3% in November, although the growth rate has significantly slowed down compared to previous months, indicating a continuous decline in consumption growth over the past six months [1] Group 1: Retail Sales Performance - The total retail sales of consumer goods reached 43,898 billion yuan in November, with a year-on-year growth of 1.3%, which is a decline of 1.6 percentage points from October [1] - From January to November, the retail sales of consumer goods increased by 4% year-on-year, surpassing both the same period last year and the total growth for the previous year [3] Group 2: Service Consumption Growth - Service retail sales grew by 5.4% year-on-year from January to November, with a continuous increase for three months, indicating a rising proportion of service consumption in total consumption [3] - The growth in service retail sales outpaced that of goods retail sales, reflecting an expanding demand for cultural and sports services, including the popularization of winter sports [3] Group 3: New Consumption Trends - Online retail sales of physical goods increased by 5.7% year-on-year from January to November, which is 1.7 percentage points higher than the overall retail sales growth, accounting for 25.9% of total retail sales [3] - New consumption trends such as digital, green, and health-related consumption are emerging as significant drivers of growth in the consumer market [3] Group 4: Policy Initiatives - The Central Economic Work Conference has prioritized domestic demand and the construction of a strong domestic market, emphasizing the implementation of consumption-boosting actions and urban-rural income increase plans [4] - Recent policies have been introduced to enhance the adaptability of supply and demand in consumer goods, with a goal to establish three trillion-yuan-level consumption sectors and ten hundred-billion-yuan-level consumption hotspots by 2027 [5] - The government is focusing on stabilizing employment, promoting income growth, and optimizing the consumption environment to continuously release consumption potential [5]