Find out how consumer goods fared in January

Guess which products grew 20% sales-wise.

According to Barclays, consumer durables growth was +16.2% y/y in January, vs a 3% y/y decline seen in December.

Food, alcohol and tobacco also saw acceleration to +20% y/y growth in January, vs just +7% y/y growth seen in December.

Here’s more from Barclays:

We believe these categories are significantly impacted by the timing of Chinese New Year.

Growth of jewellery and watches sales growth similar to December: The jewellery and watches segment continued to grow at +10.8% y/y in the month, similar to the December growth rate at +9.2% y/y.

Cosmetics and medicines growth trends similar: January y/y sales growth was +13.9% y/y, similar to the 14.7% y/y seen in December.

Clothing and footwear sales growth accelerated: Growth accelerated to +16.0 y/y in January vs +5.8% y/y in December.

Department stores saw acceleration: January y/y sales growth was +13.4% y/y, faster than the +8.8% y/y seen in December.