FX.co ★ China’s Retail Sales Growth Accelerates to 1.1% YoY in September

China’s retail sales picked up modestly in September 2026, with year-over-year growth rising to 1.1%, up from 0.4% in August, according to data updated on 19 October 2026. The figures are reported on a year-over-year basis, comparing each month’s performance with the same month a year earlier.

The improvement from August’s subdued 0.4% increase suggests a slight strengthening in consumer demand, even as the broader pace of retail activity remains relatively weak. September’s 1.1% gain indicates that, while consumption is still constrained, it is moving in a more positive direction compared to the prior month.

Both the current and previous readings reflect year-over-year changes: September’s 1.1% compares sales with September a year earlier, while August’s 0.4% was measured against August a year prior. This sequential uptick may signal the early stages of a gradual recovery in China’s consumer sector.