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In 2018, China Annual Retail Sales of Furniture Has a Growth of 10.1%
    January 28,2019



In 2018, the total retail sales of furniture in the household category reached 225 billion yuan, an increase of 10.1% year-on-year; the total retail sales of household appliances and audio-visual equipment reached 886.3 billion yuan, up 8.9% year-on-year; the annual retail of building and decoration materials reached 249.8 billion yuan, an increase of 8.1% year-on-year. Thus, the overall trend is positive.

 

According to the latest release of the National Bureau of Statistics, the GDP in 2018 reached 900.309 billion yuan, calculated at comparable prices, an increase of 6.6% over the previous year, achieving an expected development target of around 6.5%.

 

In 2018, the consumption of upgraded goods increased rapidly. The growth rate of retail sales of cosmetics, household appliances, audio-visual equipment and communication equipment above the designated size was higher than the growth rate of retail sales of social consumer goods above the designated size by 3.9. 3.2 and 1.4 percentage points.

 

This is inseparable from the relationship of commercial housing. In 2018, the sales of commercial housing in China increased by 12.2% year-on-year, of which the annual sales of residential housing reached 126.393 billion yuan, an increase of 14.7%.

 

 

(Source: JJgle.com)

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