Chinanews Client, November 16 (Li Jinlei and Wang Enbo) On November 16, the National Bureau of Statistics released data showing that market sales continued to pick up in October, and the monthly year-on-year growth rate of catering revenue turned from negative to positive.
In October, the total retail sales of consumer goods was 3,857.6 billion yuan, a year-on-year increase of 4.3%, an acceleration of 1.0 percentage point from September; a month-on-month increase of 0.68%.
Classified by consumption type, catering revenue was 437.2 billion yuan, a year-on-year increase of 0.8%, and the growth rate turned positive for the first time during the year; retail sales of goods were 3,420.4 billion yuan, an increase of 4.8%, a positive growth for four consecutive months.