On August 15, the National Bureau of Statistics released the performance of the national economy in July 2021.

Statistics show that in July, the national furniture retail sales were 13.8 billion yuan, a month-on-month decrease of 14.3% and a year-on-year increase of 11%; from January to July, the national furniture retail sales were 91.7 billion yuan, a year-on-year increase of 26.7%.

In terms of construction and decoration, the national retail sales of construction and decoration materials in July was 18.3 billion yuan, 14.2% month-on-month, an increase of 11.6% year-on-year; from January to July, the national retail sales of construction and decoration materials were 103.8 billion yuan, an increase of 29.2% year-on-year.

Overall, in July, the total retail sales of consumer goods was 3492.5 billion yuan, a year-on-year increase of 8.5%; an increase of 7.2% over July 2019, and the two-year average growth rate was 3.6%. From January to July, the total retail sales of consumer goods was 246829 trillion yuan, a year-on-year increase of 20.7%, and the two-year average growth rate was 4.3%.

According to the analysis of the National Bureau of Statistics, the national economy continued to recover stably in July. However, it must be noted that the current global epidemic is still evolving, and the external environment is becoming more complex and severe. The spread of domestic epidemics and natural disasters have affected the economy of some regions, and the economic recovery is still unstable and uneven.

The next step is to deepen supply-side structural reforms, accelerate the construction of a new development pattern, focus on promoting high-quality development, accurately implement normalized epidemic prevention and control measures, do a good job in cross-cycle adjustment of macro policies, implement macro policies scientifically and accurately, and maintain economic operations. Within a reasonable range, the economy will continue to recover and stabilize and improve.