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Consumer goods and services
Consumer Goods & Retail is the largest services sector, providing the necessary link between producers and final consumers. The sector has a major socio-economic role, being among the biggest employment generators and contributors to economic growth. It is highly heterogeneous, using a variety of formats and channels to meet the needs of the more sophisticated global consumer. In today’s digital era, the increasing penetration of everyday life by information and communications technologies is reshaping the purchase decision process. This promotes the rapid development of online retail solutions that enhance customer retention and create tailor-made experience through both digital and mobile platforms.
Activities associated with Consumer Goods & Retail are the manufacturing and retailing of goods intended for everyday use by end consumers. Examples include food, textile products, apparel and footwear, household goods, furniture, hygiene and personal care products, jewellery, toys and sporting goods. It also covers all retail channels, from traditional supermarkets and specialised stores to non-store retailers such as e-stores, mail-order houses and direct selling establishments. Retail sale of fu🎃els and vehicles is also included in this sector.
Automotive production in China improved in Q4 2019, increasing by 3.5% y/y to 7.6mn units. This is the first quarter that automotive output showed growth since the beginning of 2019, as market confidence re🌱covered and automakers were again piling up ...
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China is the world’s largest retail market and a global leader in e-commerce. As the country makes its transition from a manufacturing-based economy to a service-oriented one, the government𝐆’s priority has become that of ...
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In the first quarter of 2019, total retail sales of🎉 consumer goods in China rose by 8.3% y/y to RMB 9,779bn, following a 3.5% y/y increase in the last quarter of 2018. The🌳 improved performance was attributed to higher retail sales, a result of higher ...
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In Q2 2🐈019, China’s economy slowed down, growing by 6.2% y/y, a record low in 27 years. However, total retail sales of consumer goods rose by 8.6% y/y in Q2 2019 to RMB 9,742bn, driven by growing incomes, higher spending and the ..🌌.
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China is the world’s largest retail market and a global leader in e-commerce. As the country makes its transition from a manufacturing-based economy to a 🐭service-oriented one, the government’s priority has become that of ensuring stable ...
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China’s retail sector continued to grow in Q2 2018, although the pace of growth s🐲lowed down to 3.7% y/y. The sector was driven by strong domestic consumption which cont൩ributed 78.5% to the country’s economic growth in the first half of ...
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China&ಞrsquo;s retail sector continued to expand in Q1 2018, driven by strong domestic consumption which c꧟ontributed 77.8% to the country’s economic growth in the period, compared to its 77.2% share in Q1 2017. High consumption was largely a ...
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China’s retail sector continued to grow in the fourth quarter of 2017, wওith sales rising 9.9% y/y🌊 to RMB 10,308bn. The positive trend was a result of strong consumption stimulated by rising average income levels, and ongoing supply ...
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In the third quarter of 2017, China’s retail sector continued to grow with sales rising by 10.3% y/y to RMB 9,081bn amid ongoing supply-side reform. The averag💟e disposable income per capita reached RMB 6,163, up by 8.8% y/y, while the average ...
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China is the world’s second-largest retail market and a global leader in e-commerce. Despite the slowdown of China’s economy,👍 the sector offers bright prospects, particularly due to the ꧒rising spending power of Chinese consumers. In 2016, ...
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