Percent Year: Year and Percent

percent year: China saw its total retail sales up 8.1 percent year on year in the first five months of this year to reach 16.1332 trillion yuan about 2.33 trillion US dollars . Online retail sales continued to post robust growth momentum by growing 17.8 percent during the Jan-May period, NBS data showed, according to Global Times China. Consumption is now the biggest driver of the world's largest developing economy, which contributed to over 65 percent of GDP growth in the first quarter of this year. May retail sales expanded 8.6 percent year on year, quickening from an increase of 7.2 percent registered in April, data from the National Bureau of Statistics NBS showed Friday. Friday's data also showed steady employment, with the surveyed urban unemployment rate remaining flat at five percent in May. It's normal to see monthly fluctuations of economic performance, while we have to adopt a more long-term perspective concerning economic growth, said NBS spokesperson Fu Linghui. Growth of industrial output, fixed asset investment and real estate investment dipped last month. (news.financializer.com). As reported in the news.