On August 15, the National Bureau of Statistics released the national economic performance from January to July 2022. Data show that in the first seven months of this year, the total retail sales of furniture was 86.4 billion yuan, a year-on-year decrease of 8.6%; the total retail sales of construction and decoration materials was 102.6 billion yuan, a year-on-year decrease of 3.6%.
In July, the total retail sales of furniture was 13.4 billion yuan, a year-on-year decrease of 6.3%; the total retail sales of construction and decoration materials was 15.2 billion yuan, a year-on-year decrease of 7.8%.
It is worth noting that since January this year, the total retail sales of furniture has declined year-on-year for seven consecutive months. Specifically: the total retail sales in January-February was 21.6 billion yuan, down 6% year-on-year; the total retail sales in March was 12.6 billion yuan, down 8.8% year-on-year; the total retail sales in April was 11.1 billion yuan, down 14% year-on-year; the total retail sales in May 122 100 million yuan, down 12.2% year-on-year; total retail sales in June were 15.4 billion yuan, down 6.6% year-on-year.
Fu Linghui, spokesperson of the National Bureau of Statistics and director of the National Economic Comprehensive Statistics Department: In July, affected by factors such as the spread of the epidemic in many places, the growth rate of total retail sales slowed down compared with the previous month. In July, the total retail sales of consumer goods increased by 2.7% year-on-year, and the growth rate dropped by 0.4 percentage points from the previous month.
Although the growth rate of total retail sales of social consumer goods has slowed down, the overall trend of consumption recovery has not changed. In addition, some places have stimulated consumption by issuing consumer coupons, and the effect has gradually emerged. These situations show that once the epidemic is effectively controlled, the economy will continue to recover, the pent-up consumption potential of residents will be released, the willingness to consume will increase, and the fireworks in life will gradually return.
From the perspective of the later trend, although there are some factors restricting consumption, as long as the epidemic prevention and control and economic and social development are effectively coordinated, consumption promotion policies are implemented, enterprises are actively assisted, and the consumption environment is continuously improved, my country's consumption is expected to continue to recover and improve. development and drive the smooth operation of the economy.