china consumer spending data

Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. By using The Balance, you accept our

Label. These companies have had to cope with flat consumer incomes for decades. She writes about the U.S. Economy for The Balance.The Effect of Presidential Economic Policy on the Economy How Retailers Have Responded to Changing Consumer Expectations What Made the U.S. Economy Contract a Record 32.9% in Q2 2020Fed Survey Shows It’s Harder to Borrow Money From the BankWhat Durable Goods Orders Tell You About the Future6 Facts That Tell You How the Economy Is Really DoingPay Attention to These 6 US Economic Trends and Protect Your FinancesWhat Makes a Depression So Much Worse than a Recession?

First and foremost, millions of people went back to school to find new careers. 1952-2019 Data | 2020-2022 Forecast | Historical | ChartDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Chinese consumer spending is in a better shape than retail sales data indicate, analysts say, in what could be a positive sign for China amid a slowdown. 'Revenge' buys vs. rational purchases: The most confident consumers in the world's largest consumer market return to shops. It also includes payments and fees to governments to obtain permits and licenses. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic.If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. "So it's moving very much towards the American model," Parry told CNBC.Got a confidential news tip?   The Bureau of Economic Analysis reports consumer spending at an annualized rate in order to compare it to gross domestic product (GDP). Instead, a shift occurred.

Forty-one percent of Chinese consumers are now engaging in regular out-of-home activities; and for those who are not, they are waiting for milestones beyond the government lifting restrictions. "We actually think the health care sector is looking quite attractive at the moment," Tsui told CNBC on Jan. 23.But not everyone is optimistic about consumer spending.

Chinese consumer spending is in better shape than indicated by retail sales data, analysts say, in what could be a positive sign amid a Retail sales growth may have faltered in 2018, but experts say that's only one piece of the puzzle in an increasingly complex consumer landscape.China's retail sales figures are part of an eagerly-awaited set of monthly data that includes readings on industrial production and fixed asset investment.In 2018, retail sales growth slowed to 6.9 percent after adjustment for inflation, hit hard by weak auto sales. Report from e-commerce JD.com paints an upbeat picture for China’s consumer spending, which contributed to more than 60 per cent growth in the first three quarters of 2019.

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Average income levels have not kept pace with growth in either the stock market or GDP. Despite changes to the

Personal Consumption Expenditures Price Index. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic.If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Spending took a long time to bounce back from the recession. "We see no signs of a sustainable rebound in the near term and maintain our bearish outlook on consumption through 2019," they said in a report on Jan. 21.Investors, however, say it's only natural that China will go through bumps amid its economic transformation, but no one should lose sight of the bigger picture. Consumer Spending in China increased to 385895.60 CNY HML in 2019 from 348209.60 CNY HML in 2018. Take-profit.org provides statistics about how much money Chinese consumers spend on goods and services. The Trading Economics Application Programming Interface (API) provides direct access to our data.

"While that's understandable from a sentiment standpoint, a broader measure of Chinese consumption just doesn't look that bad," he said, citing the consumption expenditure per capita index, which includes both goods and services.Growth in that index accelerated last year to 6.2 percent compared to the 5.4 percent increase in 2017.Services are an increasingly important part of the equation in China as consumers spend more on healthcare, "Given that services now account for over 50 percent of total consumption, slowing retail sales masked the solid growth in consumer spending on services," Tianjie He, senior economist at Oxford Economics, said in a January report.He cited an increase in spending on healthcare by urban households last year to 15.1 percent from 9 percent in 2017, as an example. Millions of people were furloughed. Measures inflation in the prices paid by people living in the United States The economy contracted 32.9% in the second quarter of 2020 because of the As a result, Amazon and other online stores have stolen business from brick-and-mortar stores. But don't blame credit card debt alone, which surpassed pre-recession levels in 2017. China’s digital businesses are increasingly turning to customer relationship management (CRM) technology, which allows business owners to record and analyze consumer behavior. More detailed data, including data by product/service and categories of products/services, can be viewed and exported from the "Detailed tables, charts and technical notes" section. Consumer Spending. Consumer Spending. Companies that depend exclusively on a low-cost or a high-value competitive advantage have fallen behind.

Share Details. 1960 - 2019. In addition, if consumers continue to hold back on spending it will sap strength from the recovery, which so far has been reliant on the industrial sector.