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Clothes Sales Growth Slide in August

Clothes Sales Growth Slide in August

Write: Akanksha [2011-05-20]

The Total Sales of Social Consumer Goods reached 1257 billion yuan in August in China, up 18.4% from the same period last year. The growth rate is 0.5 percentage point higher than that in July. From Jan. to Aug., the Total Sales of Social Consumer Goods accumulated to 9749.2 billion yuan, up 18.2% year on year, the same pace of growth with first seven months. By the category of regions, the Total Sales of Social Consumer Goods in urban regions were 1093 billion yuan in August, up 18.8%; while 164 billion yuan in rural regions, up 15.9%.

The total sales of clothes, shoes, caps, knittings and textiles were 39.9 billion yuan this month, up 22.1% on a yearly basis, but the pace of growth were 2.3 points down from one month earlier. From Jan. to Aug., the total sales of clothes, shoes, caps, knittings and textiles accumulated to 354 billion yuan, up 23.7%. That??s 0.1 point lower than that of first seven.