CHINA’S RETAIL SALES DROP – Sales drop for first time in three years;new home prices fall at faster pace in May
China’s retail sales fell for the first time in over three years and slid 0.6% in May, data from the National Bureau of Statistics (NBS) showed on today,, which was the first monthly fall since December 2022.
Property investment extended its decline in the first five months, dropping 16.2% compared with the same period last year after falling 13.7% in January-to-April. Property sales and new construction also fell more sharply.
Investment data was also much weaker than expected. Fixed-asset investment fell 4.1% in the first five months of 2026, following a 1.6% decline in January-April. Economists had expected a 2% fall.
China still has ample room for investment in future, with new urbanisation, rural revitalisation, the development of “new quality productive forces” and improvements in public services all requiring support, NBS spokesperson Fu Linghui said.
