Business · Economy · 20 hrs ago
China’s consumer spending indicators improved in the third quarter
China’s consumer spending indicators improved in the third quarter of 2026.
Offline payments were 2.6% higher than a year earlier, and the growth rate picked up from the second quarter.
Spending on goods rose 4.5%.
In September, offline payments grew 3.1% year on year, marking a third straight month of faster growth.
A separate measure of payments at small and medium-sized merchants rose 5.7% in September.
The figures were attributed to ongoing policies to encourage spending and suggest that consumer demand was recovering.
The figures cover spending and do not give a forecast of what will happen next.
High-frequency data showed that consumer spending indicators improved in China in the third quarter.
The total value of offline consumer payments rose 2.6% year on year, up 0.7 percentage points from the second quarter.
Offline payments for goods increased 4.5% year on year in the third quarter.
Offline payment value rose 3.1% year on year in September, marking three consecutive months of growth.
The data release said consumer spending policies helped support a gradual recovery in residents’ willingness to spend.
- Who
- China’s National Development and Reform Commission’s National Information Center released the high-frequency data.
- What
- Indicators showed improved consumer spending in the third quarter, including growth in offline payments.
- When
- The third quarter of 2026, with additional figures for September.
- Where
- China.
- Why
- The release said ongoing policies to promote consumption helped residents’ willingness to spend recover and market demand to be released.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Offline consumer payment value rose 2.6% year on year, while goods payments increased 4.5%.
Offline payment value rose 3.1% year on year, with growth accelerating for the third consecutive month.
China News Service published the report on the high-frequency data.
- Offline consumer payments
- Up 2.6% year on year in the third quarter
- Goods payments
- Up 4.5% year on year in the third quarter
- September offline payments
- Up 3.1% year on year
- Small and medium-sized merchant payments
- Shouqianba” data showed a 5.7% year-on-year increase in September
Sources
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