China's consumer market registered more rapid growth in October as the sales of household appliances, furniture and automobiles were robust thanks to the national trade-in program.

The National Bureau of Statistics said in a statement that retail sales of consumer goods went up 4.8% year on year last month, quickening from the 3.2% increase in September. In the first 10 months, retail sales of consumer goods expanded 3.5% from a year earlier, 0.2 percentage points higher than the January-September period.

By region, the retail sales of consumer goods in urban areas amounted to 34.51 trillion yuan in the first ten months, up by 3.4% year-on-year; while the retail sales of consumer goods in rural areas was 5.38 trillion yuan, up 4.4% year-on-year.

From January to October, China’s online retail sales amounted to 12.36 trillion yuan, up 8.8% year-on-year. In the online retail sales of physical commodities, wearing goods increased by 4.7% year-on-year.

By consumption types, from January to October, the retail sales of commodities totaled 35.45 trillion yuan, with year-on-year growth of 3.2%, of which the retail sales of clothing, foot & head wear and knitted goods amounted to 1.15 trillion yuan, growing by 1.1% year-on-year.

Source: CHINA TEXTILE LEADER Express