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Local consumer market booming
16/5/2003 17:42


Shanghai's consumer market was brisk last month despite the SARS outbreak, with the retail volumes of social consumer goods amounting to 16.903 billion yuan (US$2 billion) in April, an increase of 8.4 percent from a year before, according to the Shanghai Statistics Bureau.

Retail volumes of food, clothing and daily-use articles reached 6.315 billion yuan, 2.442 billion yuan and 7.979 billion yuan respectively last month, up 7.2 percent, 6.75 percent and 9.8 percent from a year before respectively.

Local drugstores reported booming sales last month, with sales volumes increasing by nearly 30 percent from a year before.

Sales volumes in supermarkets, hypermarkets and convenience stores were up in April, with retail volumes rising by 37.6 percent in the nine key local chain-store companies.

Local department stores reported a sales decline last month, with retail volumes down 3.3 percent in six key department stores including the Shanghai No.1 Department Store, Hualian and Pacific Department Store.

Business revenues in local restaurants reached 1.185 billion yuan last month, down 12.3 percent from a year before.

Retail volumes of cars, home appliances and furnishings reached 924 million yuan, 999 million yuan and 488 million yuan respectively last month, increasing by 22.9 percent, 23 percent and 10.6 percent respectively from a year before.

Commodities related to preventing SARS sold well, including tonics to boost the immune system. Cleansing articles reported a nearly 50 percent increase in retail volumes, with retail volumes of electric fans and microwave ovens rising by 10.7 percent and 39.9 percent respectively last month.

E-business generated strong interest from the public last month, with online trading increasing by 83.4 percent from a year before.





 Wendy Zhang/ Shanghai Daily news