National furniture consumption increased by 20.6% in the first three quarters

According to the National Bureau of Statistics, in the first three quarters, the total retail sales of consumer goods in China was 1,681.7 billion yuan, a nominal increase of 12.9% year-on-year (a real increase of 11.3% after deducting the price factor), and the growth rate was 0.2 percentage points higher than that of the first half of the year. In the retail of commodities, the retail sales of enterprises above designated size (units) reached 787.29 billion yuan, an increase of 12.1%, of which the automobile (market zone) category increased by 9.3%, the household appliances and audio-visual equipment category increased by 14.7%, and the furniture category increased by 20.6%.

The Ministry of Commerce said that with the acceleration of the construction of affordable housing and the growth of real estate (market zone), the growth of residential consumption has accelerated significantly. From January to September, among the 3,000 key retail enterprises monitored, home appliances (market zone) Sales of furniture and building materials increased by 10.4%, 6.5%, and 5.3%, respectively, and accelerated by 12, 4, and 1.4 percentage points year-on-year.

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