China retail sales up 1.7% in December

December retail sales growth in China was the lowest since August 2020. Their amount increased by 1.7% compared to the same period after rising by 3.9% in November. Analysts predicted retail growth in December by 3.7%. At the end of 2021, retail sales increased by 12.5%. Online sales jumped 13.4%. China’s industrial productivity showed accelerated growth in December. Its volume increased by 4.3% year on year, while the growth forecast was 3.6%. In November, it grew by 3.8%. The volume of investments in fixed assets increased by 4.9% in 2021. It amounted to 54.5 trillion yuan or 8.6 trillion dollars. The unemployment rate in China rose in December against the November level by 0.1 percentage points to 5.1%. A higher inflation rate was recorded in August 2021. The number of new jobs in the country amounted to 12.7 million last year, which is 0.8 million more than in 2020.

author

About author

Arseny Kudrin

Publicist, trader

Read previous post
← Fitch affirms Greece's rating at 'BB'
Read next post
LG's revenue increased by 20.7% in the 4Q →
Get the best solution for your forex company. Please, submit the form below and we will get back to you within 24 – 48 hours.