FX.co ★ China’s YTD Retail Sales Growth Stalls at 1.13% in September, Matching August Pace

China’s year‑to‑date retail sales growth held steady in September 2026, with the indicator unchanged at 1.13% year-over-year, the same pace recorded in August 2026. The latest data, updated on 19 October 2026, show no acceleration in consumer spending momentum despite entering the final quarter of the year.

The year-over-year comparison measures how much retail sales from the start of the year through September have changed relative to the same period in the previous year. The “previous” figure reflects the change through August versus a year earlier, while the “actual” figure captures the change through September versus the same month a year ago. With both readings stuck at 1.13%, the data suggest that, on a cumulative basis, Chinese consumer activity has neither strengthened nor weakened between August and September.

The flat reading may prompt closer scrutiny from analysts and policymakers watching for signs of a stronger consumer-led recovery. For now, however, the September data point to a retail sector that is growing only modestly on a year-over-year basis, without clear evidence of renewed momentum heading into the remainder of 2026.