It's Happening....
Prosperous consumer market of Ningbo
- Details
- Category: Ningbo District
- Published: Tuesday, 01 April 2014 13:19
According to Ningbo Municipal Bureau of Trade, from January to February this year, the total retail sales of consumer goods reached 22.886 billion yuan, increased by 17% year on year, and 4.8 points above the same period of the previous year. Of the total, the year-on-year growth of the retail sales of the wholesale business reached 30.2%, and 10.5 points above the same period of the previous year. The year-on-year retail sales of the retail market reached 10.8%, 3.6 points above the same period of the previous year. The retail sales of the catering business increased by 9.7% year on year, 2.2 points above the same period of previous year. The retail sales of the hotel business dropped by 3.7% year on year, with the reduction rate lower than that of the previous year.
In the first two months, the festivals notably promoted the purchasing demand, as is shown in the increase of sales in the commodities of clothes, jewelry and automobiles. From January to February this year, the year-on-year retail sales of the domestic necessities reached 11.3%. The year-on-year retail sales of jewelry, housing, and automobiles increased by 14.3%, 29.1% and 12.1% respectively. Of the total, the retail sales by on-line shopping totaled 284 million yuan, increased by 95.9% year on year.
With the effective structural transformation, the catering business is recovering. Statistics show that from January to February this year, the business turnover of large restaurants amounted to 915 million yuan, and the year-on-year increases of the hotel business and catering business increased by 21.3% and 2% respectively.
