The growth rate of total social zero in July was 7.6% year-on-year

According to the Ministry of Commerce, the total social zero increased by 7.6% in July, slowing down by 2.2 percentage points compared with the previous month, mainly due to the short-term fluctuation of automobile sales. Affected by the switching of automobile emission standards, automobile sales increased by 17.2% in June, overdrafting part of consumer demand and declining by 2.6% in July.

In July, the Ministry of Commerce focused on monitoring the growth of online retail sales of enterprises by 14.7% year-on-year, 14.0%, 8.7 and 8.2 percentage points higher than Department stores, supermarkets and convenience stores, respectively.

In July, the national catering revenue reached 365.8 billion yuan, an increase of 9.4% over the previous year, which is 2.0 percentage points higher than the growth rate of retail sales. Film box office revenue in July was 5.71 billion yuan, an increase of 37.2% year-on-year, and the growth momentum of summer archives was good.