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Mainland Qingming Holiday Key Retail and Catering Enterprises' Average Daily Sales Up 2.4% YoY
According to business big data from the Ministry of Commerce, during the Qingming holiday, the average daily sales of key retail and catering enterprises nationwide increased by 2....
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Mainland Qingming Holiday Key Retail and Catering Enterprises' Average Daily Sales Up 2.4% YoY
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According to business big data from the Ministry of Commerce, during the Qingming holiday, the average daily sales of key retail and catering enterprises nationwide increased by 2.4% YoY, as extended spring breaks in multiple regions helped unleash consumer demand. Among 78 key monitored pedestrian streets (commercial districts), foot traffic and turnover rose by 6% and 6.7%, respectively.

In terms of services consumption, data showed that during the Qingming holiday, sales of catering enterprises monitored by the Ministry of Commerce increased by 3.9%, while hotel accommodation spending on key platforms rose by 2.6%. Cross-city trips increased by 15.1% YoY, theme park spending grew by 11.7% YoY, parent-child study tour orders doubled YoY, and car rental orders increased by about 40%.

Related NewsPPI YoY for Mar in China is 0.5%, higher than the previous value of -0.9%. The forecast was 0.4%.
For goods consumption, as of last Sunday (5th), a total of 1.526 million subsidy applications had been received this year under the automobile trade-in program, driving new car sales of RMB246.8 billion. Trade-in programs for home appliances, as well as sales of digital and smart new products, reached 62.845 million units, generating sales of RMB215.97 billion. (ta/da)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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