Top Banner

What's News? December 6, 2013 | 0 Comments

Retail sales, consumer confidence rise

November numbers for consumer retail sales and overall consumer confidence were both on the rise. Total consumer retail sales rose 13.3% year-on-year for November, while consumer confidence found a half-year high at 102.9. Consumer confidence has outpaced total consumer spending over the past two months.Industry insiders point towards Singles Day, which saw RMB 35 billion in transactions on Alipay alone, as one reason for continued gains.

Source: Sina

Comments are closed.