50.6%! China's Retail Industry Prosperity Index Reaches New High in 8 Months

The China Federation of Commerce and Industry released the latest data showing that in September, the business climate index for the retail industry in China reached a new high in 8 months, indicating a clear trend of improvement in the development of the retail industry. The data shows that in September, the business climate index for the retail industry in China was 50.6%, an increase of 0.5 percentage points compared to the previous month, marking a continuous increase for 2 months and reaching a new high in 8 months. In terms of industry classification, the index for merchandise operations was 50.6%, an increase of 0.9 percentage points compared to the previous month; the index for leasing operations was 51.4%, a decrease of 0.7 percentage points compared to the previous month, maintaining its position in the moderately high business climate range; the index for e-commerce operations returned to the expansion range, with the index for the total number of online goods increasing by 0.8 percentage points from the previous month, ending a 4-month trend of decline. Analysis shows that as various regions adjust and update their subsidy policies for trading in old goods for new ones, and with the arrival of the back-to-school season, consumer demand for goods continues to rise, retail enterprises actively stock up, profit confidence significantly increases, and the industry development trend is clearly improving.