国家统计局：中国2025年社会消费品零售总额同比增长3.7%

Core Viewpoint - In December, the total retail sales of consumer goods reached 45,136 billion yuan, with a year-on-year growth of 0.9%. Excluding automobiles, the retail sales amounted to 39,654 billion yuan, growing by 1.7%. By 2025, the total retail sales are projected to reach 501,202 billion yuan, an increase of 3.7% from the previous year, with non-automobile retail sales expected to be 451,413 billion yuan, growing by 4.4% [1][7]. Group 1: Retail Sales Overview - In December, urban retail sales were 38,429 billion yuan, up 0.7% year-on-year, while rural retail sales were 6,707 billion yuan, increasing by 1.7% [3]. - For the entire year of 2025, urban retail sales are projected to be 432,972 billion yuan, a growth of 3.6%, and rural retail sales are expected to reach 68,230 billion yuan, growing by 4.1% [3]. Group 2: Consumption Type Analysis - In December, the retail sales of goods were 39,398 billion yuan, with a year-on-year increase of 0.7%, while catering revenue was 5,738 billion yuan, growing by 2.2% [3]. - By 2025, the retail sales of goods are expected to reach 443,220 billion yuan, an increase of 3.8%, and catering revenue is projected to be 57,982 billion yuan, growing by 3.2% [3]. Group 3: Retail Formats and Online Sales - In 2025, retail sales from convenience stores, supermarkets, department stores, and specialty stores are expected to grow by 5.5%, 4.3%, 0.1%, and 2.6% respectively, while brand specialty store sales are projected to decline by 0.6% [5]. - The national online retail sales are expected to reach 159,722 billion yuan in 2025, growing by 8.6%. Among these, physical goods online retail sales are projected to be 130,923 billion yuan, increasing by 5.2%, accounting for 26.1% of total retail sales [5].