China's retail sales growth has experienced a deceleration, dropping to 0.9% in December 2025 from 1.3% in November, according to the most recent figures updated on January 19, 2026. This change indicates a slower year-over-year performance for the crucial holiday shopping month compared to the previous period.
The data reflects a challenging period for China’s retail sector as the world’s second-largest economy grapples with shifting consumer behaviors and macroeconomic pressures. December's figures provide a stark contrast to the dynamic growth that the industry has typically experienced during this time of year, traditionally bolstered by holiday and end-of-year festivities.
While November's growth reached 1.3% compared to the same month a year prior, the December slowdown to 0.9% might signal caution for retailers chasing seasonal sales peaks. Analysts are closely monitoring these trends to assess their impact on broader economic health and consumer confidence in China going forward.
