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Chinese retail imports decline as leisure, e-commerce lead sales

China 2905 Cons. Discr. - Retailing 417 U.S. 5211 Vietnam 343

U.S. retail sales growth steadied at 15.4% year over year, down slightly from 15.9% year over year in July. Growth against August 2019 was also coincidentally 15.4%, showing that the post lockdown boom was in full swing by last August. Sports and leisure retailers continued to show the largest growth rate, up 31.7% against 2019 with e-commerce retailers increasing non-store sales by 30.9% in the same period. Panjiva data shows that imports of retail associated goods fell by 3.1% year over year in August, down slightly from the post pandemic surge last year. This was mostly driven by a de...

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