significant increases in the textile and apparel catering jewelry and automotive industries

Since 2023, overall consumption has been recovering, with a year-on-year increase of 8.5% in the total retail sales of consumer goods from January to April, and significant increases in the textile and apparel, catering, jewelry, and automotive industries. However, it should be noted that this high growth rate is achieved on a low base. In April, the total retail sales of consumer goods increased by 18.4% year-on-year, with an average growth rate of only 2.6% over the two years. The retail sales of textiles and apparel in April increased by 32.4% year-on-year, with an average growth rate of only 1% over the two years.