China's retail industry prosperity index in September reached a new high in the past eight months, indicating a positive trend in the retail sector, according to the latest data released by the China General Chamber of Commerce on Saturday.
The data reveal that the index stood at 50.6 percent in September, up 0.5 percentage points from the previous month, marking the second consecutive month of growth and the highest level in eight months.
By sector, the merchandise sales index reached 50.6 percent, rising by 0.9 percentage points month on month.
The leasing operations index was 51.4 percent, down 0.7 percentage points from the previous month but remaining in the medium-high prosperity range.
The e-commerce operations index returned to the expansion zone, with the online total merchandise index rebounding by 0.8 percentage points from the previous month, ending a four-month declining trend.
Analysis indicates that as various regions updated their subsidy policies for trade-in programs and the back-to-school season arrived, consumer demand for goods continued to recover. Retailers actively stocked up, showing significantly stronger confidence in profitability, and the industry's development trend is clearly improving.
China's retail prosperity index hits 8-month high
China's retail prosperity index hits 8-month high
