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China Sees Increase in Retail Revenue

Mar 21, 2018 5:38 AM   By Rapaport News
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RAPAPORT... Retail sales of gold, silver and jewelry in China increased in the first two months of 2018, the nation’s data department said.

Total revenue for the category rose 3% year on year to $80.4 billion (CNY 509 billion) in January and February, the National Bureau of Statistics of China said in a statement Monday. Retail sales of all consumer goods increased 10%, while online sales climbed 37%. The period included Chinese New Year, which fell in February.

This improved demand was also reflected in exports of Swiss watches to China, which jumped 22% year on year in February, according to the Federation of the Swiss Watch Industry.

Image: Yewn
Tags: China Jewelry, Chinese New Year, gold, Jewelry, National Bureau of Statistics of China, Rapaport News, silver, Swiss watches
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