Chinese retail sales growth quickened unexpectedly in December, figures from the National Bureau of Statistics showed Tuesday.
Retail sales rose 11.9 percent year-over-year in December following the 11.7 percent rise in November. Economists had expected sales to increase at the stable rate of 11.7 percent.
On a month-over-month basis, retail sales grew 1.01 percent in December after the 0.90 percent climb in November.
In the January to December period, sales advanced 12 percent over the corresponding period of the previous year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.