“粤家具零售额一季度增42.2%，以旧换新促动品类热销”

Guangdong Province Economic Growth and Consumer Spending Update Guangdong Province's Economic Growth and Consumer Spending Update

As of April 22nd, the Guangdong Provincial Bureau of Statistics has released its latest economic data. According to the unified accounting of regional GDP, in the first quarter, Guangdong achieved a regional GDP of 33525.51 billion yuan. Calculated at constant prices, this represents a year-on-year increase of 4.1%. Additionally, the total retail sales of consumer goods in the province increased by 2.5%, a 1.5 percentage point increase compared to the first two months of the year, with a growth rate of 5.8% in March.

Notably, the retail sales of goods related to the "buy new, return old" program have seen rapid growth. This includes: Electrical appliances and audio-visual equipment in enterprises above the designated size increased by 29.1% Cultural office supplies saw a growth of 40.0% Furniture experienced a growth of 42.2% Communication equipment increased by 17.7% The retail sales of new energy vehicles also grew by 8.6%. The potential of online consumption continues to be realized, with enterprises above the designated size seeing a growth of 16.3% in retail sales through public networks. This growth was particularly strong in March, with a year-on-year increase of 31.9%, marking the highest growth rate since 2022.

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