Ningbo consumer market picking up
- Details
- Category: Governmental News
- Published: Tuesday, 29 October 2013 07:30
It is learned from Ningbo Municipal Trade Bureau that in the first three quarters of 2013, the total retail sales of social consumer goods (above norm) reached 96.44 billion yuan, an increase of 9.6% over the same period last year.
The lingering high temperature in July and August greatly affected the market, but since the end of August, with the coming of the Mid-Autumn Festival and the National Day holiday, the consumer goods market saw a strong rebound with the sales of major commodities growing rapidly. In September, the auto sales (above norm) rose by 25.8 percent, contributing 9.5 percentage points to the growth of social consumer goods, with a contribution rate of 49.7%. The petroleum products have blossomed with the sales rising by 36.8%. In addition, the sales of daily necessities also grew a lot in September, with the average growth rate of the sales (of food, jewelry, furniture and building materials) reaching 17.8% over the same period last year. According to statistics, in September, the city’s wholesale and retail sales grew by 79% and 15.2% respectively.
The urban and rural markets in Ningbo have been flourishing since the third quarter. In September, the sales of the social consumer goods (above norm) in the urban markets reached 11.98 billion yuan, up by 20.2%, while those in the rural markets reached 520 million yuan.
