May 31, 2024 00:34 GMT
Japan Apr Retail Sales +2.4% Y/Y
JAPAN DATA
MNI (Singapore)
- Japanese retail sales rose 2.4% y/y in April, quicker from the 1.1% y/y growth reported last month.
- On a monthly basis, retail sales rose 1.2%, offsetting the 1.2% decrease previously.
- General merchandise sales increased 2.1% y/y, lower than the 6.2% y/y increase last month, while sales of fabric apparels and accessories falling 1.0%, compared with last 3.5% fall.
- Sales of food and beverages increased 1.7% y/y, after growing 4.5% y/y last month.
- Fuel sales, another key driver, increased 4.8% y/y, decelerating from the 7.4% y/y increase made in March.
- Sales of machinery and equipment up 9.2% y/y, slower from the 8.8% y/y growth last month.
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