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Total retail sales of consumer goods fell 0.2% in January-April, what does this tell us?

From the data on total retail sales of consumer goods released by the National Bureau of Statistics (NBS), it is clear that the impact on consumption has been huge since the outbreak of the epidemic in several cities across the country. In particular, the epidemic is mainly in some megacities and big cities. Nucleic acid testing started silently in every city, and the suppression of consumption desire is too obvious. Combined with the declining GDP figures for each city, it becomes even more obvious. Total retail sales of consumer goods amounted to 138,142 billion yuan, a year-on-year decline of 0.2%. Among them, retail sales of consumer goods excluding automobiles amounted to RMB 12480.7 billion, up 0.8%. In April, total retail sales of consumer goods amounted to RMB 2948.3 billion, a year-on-year decline of 11.1%. In April, total retail sales of consumer goods amounted to 2948.3 billion yuan, down 11.1 percent year-on-year.

By location of business units, retail sales of consumer goods in cities and towns amounted to RMB 1,199.29 billion, a year-on-year decline of 0.3%, while retail sales of consumer goods in villages amounted to RMB 1,821.3 billion, an increase of 0.4%. Retail sales of consumer goods in cities and towns amounted to 2563.7 billion yuan, down 11.3% year-on-year, while retail sales of consumer goods in villages amounted to 384.6 billion yuan, down 9.8%. By type of consumption, retail sales of goods amounted to RMB 1,248.8 billion, up 0.4% year-on-year, while food and beverage revenues amounted to RMB 132.262 billion, down 5.1%. Retail sales of goods amounted to RMB 2,687.4 billion, a year-on-year decrease of 9.7%; food and beverage revenues amounted to RMB 260.9 billion, a decrease of 22.7%. Total retail sales of consumer goods nationwide amounted to RMB 13814.2 billion, down 0.2% year-on-year. Among them, retail sales of consumer goods other than automobiles amounted to less than 1,248.7 billion yuan, up 0.8%. Total retail sales of consumer goods were 294.83 billion yuan, down 11.1% year-on-year. Among them, retail sales of consumer goods other than automobiles amounted to 2,691.6 billion yuan, down 8.4 percent.

Looking back at April, the epidemic in Shanghai entered its most intense phase, and there was also an outbreak in Beijing. The country also saw outbreaks to varying degrees in some provincial capitals, such as Zhengzhou in Henan Province, Changchun in Jilin, Hangzhou in Zhejiang Province, Nanjing and Suzhou in Jiangsu Province, and in medium and large cities. The theme of this month is actually how to prevent and fight epidemics. Entertainment venues were shut down on a large scale. People basically maintained two fronts, office space and home. Who dares to go out and spend money in public ****ing places? The negative impact of the epidemic on the economy this year has been huge, as it has mainly affected the megacities and big cities across the country, so big that we can see a clear cliff drop in the figures. Not long ago Shenzhen released a 44% drop in gdp4 data, Nanjing gdp dropped by 54%, Suzhou GDP dropped by 49% and Hangzhou GDP dropped by 37%. That's why the discussion on the anti-epidemic policy has never stopped. But since we have chosen to stick to the strategy of eliminating the social side, we should unite together and try to sterilize the epidemic as soon as possible, and then catch the economy as soon as possible.