China: Retail sales accelerate strongly in November

In November, nominal retail sales grew 13.7% over the same month last year, which was above the 13.3% rise tallied in October. The expansion overshot the 13.2% increase that markets had expected and represented the fastest growth rate since December 2012. The print mainly reflects an acceleration in sales of oil and oil-related products, as well as of household appliances.

Read more about Chinese Retail.

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