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Retail Sales Hampered By COVID Lockdowns

CHINA

At first glance it looks like a lot of the factors that weighed on retail sales growth seemed to be directly linked to the regional COVID-related lockdowns witnessed in China, with sales for the likes of clothing, communication equipment, household appliances and daily use goods falling in Y/Y terms (you would argue that lower footfall in stores would hamper sales of such goods). Catering services also saw a Y/Y fall. Elsewhere, automobile sales continued to provide a point of weakness, seeing the biggest Y/Y fall since June '20.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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