China 's retail sector growth slowed in September , marking a decrease in consumption. October 's retail sales saw a YoY increase of just 8.6% , according to YoY , its lowest level since May. The lower-than-expected sales, which followed just 8.6% the National Bureau of Statistics growth in October , point to a domestic consumption slowdown fuelled by rising household debt eating into disposable income while investment returns dropped. Slower retail sales were due to seasonal factors, Liu Aihua, a spokeswoman at the statistics bureau, told reporters. While seasonal factors also contributed to the decreasing growth rate, analysts have been quick to indicate that the retail sector's downturn started in March , while the government's fiscal stimulus was not brought in quickly enough.
China 's retail sector growth slowed in September , marking a decrease in consumption. October 's retail sales saw a YoY increase of just 8.6% , according to YoY , its lowest level since May. The lower-than-expected sales, which followed just 8.6% the National Bureau of Statistics growth in October , point to a domestic consumption slowdown fuelled by rising household debt eating into disposable income while investment returns dropped. While seasonal factors also contributed to the decreasing growth rate, analysts have been quick to indicate that the retail sector's downturn started in March , while the government's fiscal stimulus was not brought in quickly enough.