Do you know about the total retail sales of consumer goods?

In 2025, China’s total retail sales of consumer goods will exceed 50 trillion yuan for the first time, with the contribution of final consumption expenditure to economic growth reaching 52.0%. What is the total retail sales of consumer goods? What are the main uses of the total retail sales of consumer goods?

A relevant person from the National Bureau of Statistics explained that the total retail sales of consumer goods refer to the amount of physical goods sold directly by enterprises (units, individual businesses) to individuals and social groups for non-production and non-operational use, as well as the revenue from providing catering services. The goods involved include those sold to individuals for daily consumption, as well as those sold to social groups for non-production and non-operational purposes.

Since catering services are a special form of product sales, the revenue from providing catering services is also included in the total retail sales of consumer goods.

A relevant person from the National Bureau of Statistics stated that the total retail sales of consumer goods are an important indicator reflecting the macroeconomic situation. They are mainly used to reflect the consumption of physical goods across society. For example, they reflect the overall scale and regional distribution of the domestic consumer goods market, the total demand and trend of change in physical goods consumption by urban and rural residents and social groups, and the economic prosperity, serving as an important reference for judging economic operation.

In addition, the growth and changes in the total retail sales of consumer goods can also, to some extent, reflect the policy effects of expanding domestic demand and promoting consumption.

Editor: Wu Mo

First review: Wu Mo

Second review: Yin Yifan

Third review: Tan Deng

Source: Xinhua News Agency

【Source: Xinhua News Agency】