Total Retail Sales in the first half this year

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Category: Ningbo Business

Published: Tuesday, 02 August 2011 10:05

According to Ningbo Municipal Bureau of Trade, from January and June, the total retail sales of consumer goods reached 92.403 billion yuan, up by 16% over the same period of last year. In June, the growth rate reached 20.2%, ranking the first in Zhejiang.

From January and May, affected by such factors as the termination of the automobile replacement policy, the enlarged control of the real property market and the rise of commodity prices, affected by such factors as the termination of the automobile replacement policy, the enlarged control of the real property market and the rise of commodity prices, the sales value and growth rate of traditional commodities both declined. In June, however, with the adjustment of the personal tax system, the control of the commodity price, and the upgrading of consumption, the consumer market considerably recovered.

In June, the wholesale value reached 5.468 billion yuan, increased by 45.1%, covering 5.92% of the gross retail sales of consumer goods. It is the major factor that contributes to the rise of rise of the gross retail sales of consumer goods. The total sales on the retail markets reached 78.767 billion yuan, increased by 14.5%, covering 85.24% of the gross retail sales of consumer goods. The turnover of the catering business reached 6.734 billion yuan, increased by 14.7% over the precious year, covering 7.29% of the gross retail sales of consumer goods. The turnover of the accommodation business increased by 10.9%, covering 1.56% of the total.

Related person from Ningbo Trade Bureau says, in the latter half this year, the price of port is likely to drop down, and the pressure of the price of commodity might be relaxed, the Japan-made cars might be more in supply, and the state might release some macro-control policies to boost consumption, all this is likely to promote the recovery of the consumer market of the city, to the degree that the retail aggregate of social consumer goods might increase by 16%.