Trade: Spending spurs retail sales
(Shanghai Daily)
Updated: 2006-05-25 10:34
Shanghai's retail sales rose 14 percent in April as consumers spent more on
dining out, fuel and cars.
Retail sales last month totaled 26.9 billion yuan (US$3.37 billion), the
Shanghai Statistics Bureau reported yesterday. The year-on-year growth rate was
2.4 percentage points higher than it was for the same period the year before.
Combined growth in the first four months of this year amounted to 13 percent
on sales of 109.38 billion yuan. Shanghai's retail sales expanded 13 percent to
82.4 billion yuan in the first quarter, the bureau said last
month.
(For more biz stories, please visit Industry Updates)
|
