中国香港消费行业：2025 年 4 月中国零售销售额同比放缓
2025-05-22 15:48
更多资料加入知识星球：水木调研纪要 关注公众号：水木Alpha May 19, 2025 04:37 AM GMT China/Hong Kong Consumer | Asia Pacific M Idea China Retail Sales – April 2025: Slowdown YoY China's retail sales growth in April slowed to +5.1% YoY, vs. +5.9% in Mar, below consensus at +5.5%. Growth CAGR vs. 2019 also decreased to 3.3% vs. 4.3% in Mar. We believe the softer consumer sentiment was due to tariff disruptions. YoY trend by category (reported YoY with rebasing among categories): Most categories saw worse YoY growth trends, due to unfav ...