National Bureau of Statistics: Social Consumption Retail Sales Growth of 2.8% for January-February 2026

LootboxPhobia · 2026-03-16T10:24:45+00:00

From January to February 2023, China's total retail sales of consumer goods reached 860.79 billion yuan, representing a year-over-year increase of 2.8%. Urban and rural consumption, commodity retail, and catering revenues all showed growth, with online retail sales showing significant increases, where commodity retail accounted for 24.2% of the sequential ratio.

LootboxPhobia

2026-03-16 10:24:45

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CITIC Securities Finance APP learned that data from the National Bureau of Statistics shows that from January to February, the total retail sales of consumer goods reached 8.6079 trillion yuan, a year-on-year increase of 2.8%. Among them, retail sales of consumer goods excluding automobiles amounted to 7.9827 trillion yuan, an increase of 3.7%.

By the location of business units, from January to February, urban retail sales of consumer goods totaled 7.4449 trillion yuan, up 2.7% year-on-year; rural retail sales of consumer goods reached 1.163 trillion yuan, an increase of 3.2%.

By consumption type, from January to February, retail sales of goods amounted to 7.5815 trillion yuan, a year-on-year increase of 2.5%; catering revenue was 1.0264 trillion yuan, up 4.8%.

By retail format, from January to February, among retail units above designated size, convenience stores, supermarkets, department stores, and specialty stores saw retail sales increase by 6.4%, 4.9%, 1.0%, and 0.2% respectively; retail sales of brand specialty stores decreased by 2.3%.

From January to February, the national online retail sales of goods and services reached 3.2546 trillion yuan, a year-on-year increase of 9.2%. Of these, online retail sales of goods totaled 2.0812 trillion yuan, up 10.3%, accounting for 24.2% of the total retail sales of consumer goods; within online retail sales of goods, food, clothing, and household items grew by 20.7%, 18.0%, and 4.7%, respectively. Online service retail sales reached 1.1734 trillion yuan, an increase of 7.3%.

This article is compiled from the official website of the National Bureau of Statistics; edited by Li Fo for CITIC Securities Finance.

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