2019 年8 月 CS 商贸零售行业回落1.57%，与上年同期相比提振5.31pct，跑输大盘0.64pct。8 月份中信一级29 个行业有1/3 呈上涨状态，市场表现较为平淡。

1. 行业市场表现回顾 .......................................................................................................................................................... 5

1.1 一级行业概况 ............................................................................................................................................................. 5

1.2 细分行业市场表现 ..................................................................................................................................................... 5

1.3 个股表现 ..................................................................................................................................................................... 6

1.4 行业资金流向 ............................................................................................................................................................. 6

1.5 行业估值情况 ............................................................................................................................................................. 7

2. 行业数据跟踪 .................................................................................................................................................................. 8

2.1 居民消费价格指数（CPI） ....................................................................................................................................... 8

2.2 社会消费品零售数据 ................................................................................................................................................. 9

2.3 全国大中型零售企业销售额数据 ........................................................................................................................... 11

3.行业动态新闻 .................................................................................................................................................................. 11

4.投资建议 .......................................................................................................................................................................... 12

5.风险提示 .......................................................................................................................................................................... 14