In The First Three Quarters Of 2019, The Total Retail Sales Of Shoes And Hats And Garments Reached 947 Billion 900 Million Yuan, An Increase Of 3.3% Over The Same Period Last Year.

According to the National Bureau of statistics, in the first three quarters of 2019, the total retail sales of social consumer goods in China totaled 296674 billion yuan, up 8.2% from the nominal growth rate (6.4% below the price factor). Among them, in September, the total retail sales of consumer goods totaled 34495 billion yuan, up 7.8% over the same period last year.

From the retail situation of shoes and caps and clothing, the total retail sales of shoes and hats and garments in 2019 September amounted to 105 billion 800 million yuan, up 3.6% from the same period last year. In the first three quarters of 2019, the total retail sales of shoes and hats and clothing reached 947 billion 900 million yuan, an increase of 3.3% over the same period last year.

Total retail sales of footwear and apparel in China in 2019 and year-on-year growth rate

Source: National Bureau of statistics, China Industrial Research Institute

From the perspective of the growth of retail sales of footwear and clothing, the total retail sales of footwear and clothing in the first three quarters of 2019 increased by 3.3% compared to the same period last year, which is 4.9 percentage points slower than that of the same period in the total retail sales of consumer goods.

Growth of China's footwear and apparel retail sales and total retail sales of consumer goods in 2019

Source: National Bureau of statistics, China Industrial Research Institute

For more information, please refer to the "2019-2025 year Research Report on China's apparel industry market prospects and investment opportunities" issued by the China Industrial and Commercial Research Institute. At the same time, the China Industrial and commercial research institute also provides solutions such as industrial big data, industrial planning and planning, industrial park planning and industrial investment promotion.