During the "May Day" holiday, the sales revenue of the national consumer-related industries increased by 15.2% year-on-year.

According to the latest value-added tax invoice data from the State Administration of Taxation, the consumption demand during the "May Day" holiday was strong and showed good momentum. Sales revenue in consumer-related industries nationwide increased by 15.2% year-on-year. Among them, driven by the "trade-in old for new" policy, sales revenue of household appliances and audio-visual equipment increased by 167.5% year-on-year, consumer electronics products such as smartphones included in the subsidy range for new purchases, communication equipment sales revenue increased by 118%, and furniture sales revenue increased by 1.7 times year-on-year.