Restaurants industry rebound
- Details
- Category: Ningbo Business
- Published: Tuesday, 01 July 2014 10:01
Despite the sluggish overall consumption market, the commerce and trade of Ningbo in the first five months this year has been on increase The total retailing sale of social consumption products increased by 11.8%, the wholesale by 13.5%.
The automobile sale increased by 12.7%
Trade Bureau statistics show that in the past 5 months, the total social consumption retailing sale amounts to 57.74bn, with an 11.8% increase, 2.3% higher than the same period last year, ranking 5 in Zhejiang province.
The highlight of the growth is the countryside consumption market. The total retailing of social consumption products increased by 45.3%. From the products category, the automobile sales start to pick up, with a 12.7% growth, up 7.5% than last year.
After two years' stagnation, the restaurants industry also starts to rebound. The total retailing volume reaches 2.5bn, with a 16.9% growth.
Online sale increased by over 50%
Statistics show that E-business in Ningbo is developing very rapidly, thanks to the favorable environment and policies. It is estimated that the total online sale and online consumption of Ningbo grew by over 50%. The number of online Ningbo enterprises in large E-business platforms like Tmall, Jingdong and Suning is growing very fast.
