B · Normal
[Ministry of Commerce: The role of the "main engine" of consumption continues to be consolidated, and the advantages of the ultra-large market are increasingly prominent] On October 23, the person in charge of the Department of Consumption Promotion of the Ministry of Commerce talked about the situation of China's consumer market in the first three quarters of 2026. The role of the "main engine" of consumption continues to be consolidated, and the advantages of the ultra-large market are increasingly prominent. In the first three quarters, final consumption expenditure contributed 46.7% to economic growth, 0.7 percentage points higher than the first half of the year, driving GDP growth by 2.1 percentage points, and continued to remain the first driving force for economic growth. Pay equal attention to the development of "goods + services" consumption and maintain a good growth momentum. In the first three quarters, the total retail sales of consumer goods and services increased by 2.6% year-on-year (the same below), and the growth rate was 0.1 percentage point faster than that from January to August. Among them, the retail sales of services increased by 5.0%, and the growth rate was 4 percentage points higher than the retail sales of goods. The per capita consumption expenditure of residents across the country was 22,000 yuan, a nominal increase of 3.6% over the same period last year. After deducting price factors, the real increase was 2.7%.
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