中国零售销售-2025 年 8 月增长进一步乏力-ChinaHong Kong Consumer-China Retail Sales – August 2025 Growth Faltered Further
2025-09-16 02:03
September 15, 2025 05:41 AM GMT China/Hong Kong Consumer | Asia Pacific China Retail Sales – August 2025: Growth Faltered Further China retail sales growth continued decelerating to +3.4% YoY in August, vs. +3.7% in July and below consensus of +3.8%, indicating prolonged lukewarm demand. For Sept, we do not expect a meaningful recovery in demand under deflation and fading subsidies effect. YoY trend by category (reported YoY with rebasing among categories): Electronics and Appliances slowed meaningfully to ...