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China records 8.30 per cent growth in apparel retail sales in September ’20

  

Figures released by National Bureau of Statistics and analyzed by Apparel Resources indicate, China’s apparel and accessories sales in September ’20 grew by 8.30 per cent to RMB 112.50 billion. Total retail sales of consumer goods in China grew by 3.30 per cent to 3,529.5 billion.

However, retail sales were severely impacted by the pandemic that hit China in the first quarter of 2020 as well as in subsequent months till May. This led to an overall drop of 12.40 per cent in apparel retail sales in the country during January-September ’20 period as against the same period of 2019.

August ’20 was the first month when retail sales increased by 0.5 per cent from the same month in 2019 and the figures are even better in in September. Most retail categories grew significantly in comparison to the performance recorded in July ’20. Garment sales increased by 4.20 per cent in August ’20 over July ’20 as compared to 2.50 per cent fall in July ’20 over preceding month.

 
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