China’s retail market is stabilizing, and consumption recovery is expected to be stable.

CCTV News:Today (August 6th), China Business Federation released the China Retail Prosperity Index, and the China Retail Prosperity Index was the same as last month.

In August, China’s retail prosperity index was 50.2%, the same as last month. With the accurate epidemic prevention measures in place, the government’s policies and measures of continuously lowering standards and interest rates, reducing taxes and fees, smoothing logistics and stimulating consumption have landed, operators and consumers have gradually recovered their confidence, market flows have become more active, the retail market has stabilized, and consumption recovery is expected to be stable.

From the perspective of industry classification, the commodity management index was 50.4%, a slight decrease of 0.1 percentage points from last month; The leasing business index was 50.8%, a slight decrease of 1.6 percentage points from last month; The e-commerce business index was 49.2%, a slight increase of 1.7 percentage points from the previous month. In July, the customer unit price level index of e-commerce business was 45.8%, up by 3.8 percentage points, indicating that the customer unit price of e-commerce channel customers increased. On a year-on-year basis, the retail industry in July continued its slow recovery since the second quarter.