Inside Retail AsiaInside Retail Asia reported that China's retail sales slid 0.6% in May, marking the first decline since 2022. The figure reversed April's 0.2% increase and fell short of the estimated flat growth.
The drop underscores ongoing weakness in consumer spending amid a sluggish economic recovery. Retail sales have been a key indicator of domestic demand.
Analysts will watch for further policy measures to stimulate consumption as the Chinese government seeks to support growth. The retail sector faces headwinds from property market struggles and employment concerns.