China's retail sales in May drop for the first time in three years and five months

China's retail sales for last month, an indicator of consumption trends in China, turned negative for the first time in three years and five months—the last time being December 2022, when consumption was sluggish due to the impact of COVID-19. This indicates a growing trend toward consumer frugality... Keywords: China Statistics/Indicators Read Also: China's Consumer Price Index rises for 8 consecutive months due to high crude oil prices; Producer Price Index also remains at a high level (June 10, 11:57) China's May exports increased by over 19%; the impact of high crude oil prices will be the future focus (June 9, 14:58) Stock prices surpass 70,000 yen for the first time; views that the Bank of Japan's rate hike is within expectations provide support (June 16, 13:59) [Live Scheduled] Bank of Japan to decide on rate hike; policy interest rate to be raised to approximately 1% (June 16, 14:10) US: "Practical discussions to begin on the 19th"; exchange of attacks continues in Lebanon (June 16, 12:18) MLIT Minister Kaneko: "Damage confirmed on one Japanese-related vessel in the Persian Gulf" (June 16, 19:06) LDP General Council approves bill to reduce number of Lower House seats; proportional representation reduced by 45 seats (June 16, 12:26) Cartel suspected due to ice cream price hikes? Fair Trade Commission conducts on-site inspections of six major manufacturers (June 16, 14:03) Four out of six candidates for the next UN Secretary-General are women (June 16, 11:41) World Cup Soccer: Japan, who drew their opening match, resumes training; Kubo undergoes testing at hospital (June 16, 11:36) [Regularly Updated] World Cup Soccer: All Group Stage schedules and results (June 16, 10:12) In-depth Content: "Sakura Dango Fish": Approaching the tiny, tiny popular species (June 14, 12:42) The "Strongest Ever" Japan National Team: The secret of their strength (June 13, 15:02) Deep bonds between the Imperial Family and the Dutch and Belgian Royal Families (June 12, 19:06) Tracing my great-grandfather's footsteps in Japan: A Japanese-Mexican's "search for roots" (June 13, 17:15) SpaceX's unprecedented IPO! What it brings to the market [Economic Column] (June 12, 17:59) "I need you now": 10 years after Prince's death and Minneapolis ("I Need You Now") (June 11, 19:06) A reversal from high prices? What will happen to future rice prices (June 11, 12:24) An era of raising fish in factories? Approaching the forefront of FoodTech (June 10, 17:58) See more in-depth news content Latest and Featured Videos Watch currently broadcasting videos Weather Forecast / Disaster Prevention Information Check Weather Forecast / Disaster Prevention Information Latest News China's May retail sales turn negative for the first time in 3 years and 5 months (June 16, 14:10) [Live Scheduled] Bank of Japan to decide on rate hike; policy interest rate to be raised to approximately 1% (June 16, 14:10) Cartel suspected due to ice cream price hikes? Fair Trade Commission conducts on-site inspections of six major manufacturers (June 16, 14:03) 20 years since the enactment of the Basic Act on Cancer Control: How will regional cancer medical care change? (June 16, 13:59) View all latest news Local News Select your region Select a prefecture to move to that region's news page. Select from map NHK ONE News Top International News List China's May retail sales turn negative for the first time in 3 years and 5 months To view this page, please confirm your usage intent. If you already have a receiving contract, no separate contract or additional charge is required. If you do not have a receiving contract, please proceed with the contract procedures. For use in businesses or schools, please check the link below. Check details regarding receiving contracts Available