High-end dining is sluggish with gold and silver jewellery

According to reports, from January to September this year, the total retail sales of consumer goods in Nanjing reached 256.42 billion yuan, a year-on-year increase of 13.6%. Among them, the consumption of gold and silver jewellery, building materials, automobiles, and household appliances has all increased.

The growth rate of gold and silver jewellery, construction and decoration materials was relatively large, and gold, silver and jewelry categories continued to grow. From January to September, retail sales of gold and silver jewellery limited to Nanjing reached 5.53 billion yuan, an increase of 37.6% year-on-year, an increase of 13.8 percentage points from the same period of last year. As the real estate market continued to heat up, the home and building materials industry grew steadily. The retail sales of buildings and decorating materials above designated size reached 4.37 billion yuan, an increase of 66.9% year-on-year, an increase of 9 percentage points from the first half of the year and an increase of 38.4 percentage points from the same period of last year.

Sales of autos, petroleum and products, and home appliances were good. In January-September, the retail sales of Nanjing Motors Limited reached 33.8 billion yuan, an increase of 12.5% ​​year-on-year, an increase of 7.9 percentage points over the same period of the previous year; retail sales of oil and products reached 20.72 billion yuan, an increase of 18% over the same period of last year. Increased by 4.9 percentage points. The increase in rigid sales of commercial housing, as well as the promotion of factories and businesses, has brought about positive effects on the home appliance market. The retail sales of home appliances have reached 8.99 billion yuan, an increase of 13.7% year-on-year and an increase of 4 percentage points over the same period of last year.

The catering industry, especially the high-end catering consumer market, remained sluggish. From January to September, the total retail sales of consumer goods in the accommodation and catering industry reached 22.03 billion yuan, a year-on-year increase of 2.8%, and a decrease of 10.8 percentage points from the same period of last year.