Ministry of Commerce: Service retail sales increased by 5.4% from January to May, with overall stable commodity consumption.

On June 22, the person in charge of the Consumer Promotion Department of the Ministry of Commerce talked about the situation of China's consumer market in May 2026. With the optimization and upgrading of China's consumer market structure, residents' consumption is shifting from being primarily focused on goods consumption to being equally focused on goods and services consumption. From January to May, the total retail sales of social consumer goods and services increased by 2.8% year-on-year; the total retail sales of consumer goods reached 20.6 trillion yuan, an increase of 1.4%, with the retail sales of consumer goods excluding automobiles increasing by 2.7%; and the retail sales of services increased by 5.4%. Overall, goods consumption remained stable; service consumption showed good momentum; new consumer demand was strong; and rural consumption continued to grow steadily.