September consensus forecast: September Total retail sales of consumer goods is expected to grow 18.4% year-on-year

by Kou Xiang October 15, "Securities Market Weekly" by the Sina Finance exclusive network released "Crystal ball china macroeconomic September consensus" shows that September total retail sales of consumer goods year-on-year growth expected average of 18.4%. According to the survey, the total retail sales of consumer goods in September were expected to be up to 18.9%, with a minimum value of 15% and a median of 18.5%. Total retail sales of consumer goods rose 18.4% year-on-year in August.　　If the actual value is the expected value, the total retail sales of consumer goods in September will be expected to be unchanged from August.　　Jian Xu, a macro analyst at CICC, said in a telephone interview that the growth in consumer retail sales in the September will rise as the consumer structure escalates, labour-wage inflation promotes low-end consumption, and festive consumer demand. "From the PMI index, the consumer PMI index picked up markedly in September, especially for cars that are closely related to consumption and the PMI index of the associated rubber products, 8.9 and 7.5% per cent respectively, which could lead to a rise in consumer stability," Jian Xu said.　　"In an interview with a journalist," said Xing, a macro-economic analyst for CIC Securities, the total retail sales of consumer goods will grow steadily in September, driven by the growth of auto consumption. Xing slightly said: "After the season, August, the domestic car consumption chain increased by 4%, led the social consumer goods retail total year-on-year growth rebound, taking into account car sales have been up for 6 consecutive months, we judged that the future car sales have come out of the bottom, and this will further the social consumer goods retail total stability growth to provide power.　　In addition, Western Securities macro-analyst Liu Yanji in a telephone interview, also said that the rise in prices and the early month of the real estate market, led by the rising consumer demand in the relevant industries, September China consumption will be a smooth rebound trend. The agencies involved include BofA Merrill Lynch, Paris-France Securities, Standard Chartered Bank, Citibank, HSBC, Bank of China (601988.SH/03988.HK), ICBC (601398.SH/01398.HK), CICC, Wanguo, Merchants Securities ( 600999.SH).