on p>11-19, the data released by the national bureau of statistics showed that the market sales improved obviously, and the online retail continued to grow rapidly. In the first three quarters, the total retail sales of social consumer goods was 273.324 billion yuan, down 7.2% year-on-year, and the decline was 4.2 percentage points narrower than that in the first half of the year. Among them, the growth rate in the third quarter was 1.9%, and the quarterly growth rate turned positive for the first time in the year.

in September, the total retail sales of social consumer goods was 3,529.5 billion yuan, up 3.3% year-on-year, and the growth rate was 2.8 percentage points higher than that in August, which was the second consecutive month. In the first three quarters, according to the location of business units, the retail sales of urban consumer goods was 23,684.3 billion yuan, down by 7.3%; The retail sales of rural consumer goods reached 3,648 billion yuan, down 6.7%. According to consumption types, catering revenue was 2,522.6 billion yuan, down by 23.9%; Retail sales of commodities reached 24,819.8 billion yuan, down by 5.1%. The sales of consumption-upgraded goods grew rapidly, and the retail sales of communication equipment, sports and entertainment goods and cosmetics increased by 7.2%, 6.8% and 4.5% respectively. In the first three quarters, the national online retail sales reached 8,116.5 billion yuan, up 9.7% year-on-year, and the growth rate was 2.4 percentage points faster than that in the first half of the year. Among them, the online retail sales of physical goods reached 6,647.7 billion yuan, up by 1.5%, accounting for 24.3% of the total retail sales of social consumer goods.

Liu Aihua, spokesperson of the National Bureau of Statistics and director of the National Economic Statistics Department, said that in recent months, the growth rate of total retail sales of social consumer goods has shown an upward trend, with an increase of 3.3% in September and a positive growth for two consecutive months. From the trend point of view, the current retail can be said to have stepped out of the deep impact brought by the epidemic and is in the process of recovery. From the actual performance, while online consumption keeps rapid growth, offline consumption is also in the trend of accelerating recovery. The second change is that while the consumption in kind keeps a relatively rapid growth, the consumption in service is also accelerating its recovery. The third feature is that while the consumption of basic living has maintained a rapid growth, the growth of consumption upgrading products has maintained a relatively rapid growth.

Liu Aihua said that from these aspects, the overall domestic demand recovery momentum is relatively obvious, especially consumer demand. From the perspective of GDP, the number of points that the final consumption expenditure pulled down to GDP in the second quarter was 2.3 percentage points, and it was positively pulled by 1.7 percentage points in the third quarter. This also shows that the final consumption expenditure has indeed recovered from the downward trend in the previous two quarters, pulling down by 4.4 percentage points in the first quarter, shrinking to 2.3 percentage points in the second quarter, and turning from negative to positive in the third quarter. It accounts for 1.7 percentage points of the 4.9 percentage points growth in the current quarter, so on the whole, the contribution of domestic demand is continuously recovering and rising, which is very beneficial for building a new development pattern of double circulation. The release of the potential of China's super-large market is not only the embodiment of the basic strategic basis for expanding domestic demand, but also beneficial to the recovery of the whole world economy.

Looking forward to the fourth quarter, Wang Qing said that with the continuous economic recovery and the concerted efforts of various policies to promote consumption, there is still room for the growth rate of total retail sales of social consumer goods to pick up. However, considering that the real income of residents has only slightly increased in the first three quarters, consumer confidence has rebounded marginally, but it is still at a low level, and the backlog of demand has been released and the base has risen during the epidemic, it may lead to a slowdown in the growth rate of automobile sales, which played an important role in the recovery of total retail sales of consumer goods in the previous period, and it is unlikely that the growth rate of total retail sales of consumer goods will continue to jump sharply in the fourth quarter.