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China’s cumulative garments sales drop during Jan-Apr

  

China’s cumulative retail sales of garments and accessories dropped 6 per cent on Y-o-Y basis, whereas it plunged by 22.80 per cent to $11.87 billion in April ’22. Latest statistics released by National Bureau of Statistics (NBS) of China show, from the January to April 2022, China’s retail sales of garments and accessories dropped to $61.30 billion. Dismal sales of garment and accessories could be attributed to the resurgence in COVID-19 cases across China and fresh restrictions to fight the new wave of pandemic.

Reports suggest China’s overall retail sales dropped 0.20 per cent during the January to April ’22 period and 11.10 per cent in April alone. Online garment and accessories sales dropped 1.70 per cent during the January-April 2022 period.

 
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