China: The Proportion of Building Materials and Household Consumption in Daily Consumption Continues to Increase

At the beginning of 2018, China Building Materials Circulation Association proposed "to develop smart homes, build smart stores, lead new demands, and promote consumption upgrades", pointing out the future development direction of the national building materials home circulation industry.

At the beginning of 2018, China Building Materials Circulation Association proposed "to develop smart homes, build smart stores, lead new demands, and promote consumption upgrades", pointing out the future development direction of the national building materials home circulation industry.

 

China's building materials and home furnishing industry is an important industry serving the people's home life. After more than 20 years of rapid development, it has become an important part of the national economy, and the development mode has also shifted from a high-speed growth stage to a high-quality development stage. In the first half of 2018, after the first half of the year, the overall performance of the national building materials and home furnishing market has risen steadily, and the industry has issued more new vitality.

 

In June 2018, the National Building Materials Household Climate Index (BHI) was 94.25, a decrease of 10.13 points from the previous month and a 2.62 point year-on-year increase. The sales of household building materials above designated size in June was 80.90 billion yuan, down 11.21% from the previous month and up 4.60% year-on-year. In the first half of 2018, the cumulative sales were 448.78 billion yuan, up 10.23% year-on-year.

 

 

According to the latest data from the National Bureau of Statistics, the GDP in the first half of 2018 was 418.961 billion yuan, a year-on-year increase of 6.8% at comparable prices. The per capita disposable income of the national residents was 14,063 yuan, a nominal increase of 8.7% year-on-year, and a real increase of 6.6% after deducting the price factor. The cumulative growth rate of retail sales of furniture and construction and decoration materials in the first half of the year was 10.1% and 8.1% respectively. It can be seen that with the expansion of the scale of the Chinese market and the upgrading of consumer demand, the proportion of building materials and household consumption in daily consumption has also continued to increase. The market signal for the current upgrading of building materials and household consumption has become very obvious.

 

(Source:JJgle.com)

 

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