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Japan Aug Retail Sales +2.8% Y/Y

JAPAN DATA
MNI (Singapore)
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  • Japanese retail sales rose 2.8% y/y in August, accelerating from the 2.7% y/y growth reported last month.
  • On a monthly basis, retail sales rose 0.2%, slower from the 0.6% increase in July.
  • General merchandise sales increased 2.6% y/y, higher than the 1.1% y/y increase last month, while sales of fabric apparels and accessories rising 11.3%, converting from last 2.4% drop.
  • Sales of food and beverages increased 2.2% y/y, compared with falling 0.1% y/y last month.
  • Fuel sales, another key driver, decreased 1.4% y/y, offsetting last 1.5% y/y growth.
  • Sales of machinery and equipment up 4.0% y/y, slower from the 4.3% y/y growth previously.
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  • Japanese retail sales rose 2.8% y/y in August, accelerating from the 2.7% y/y growth reported last month.
  • On a monthly basis, retail sales rose 0.2%, slower from the 0.6% increase in July.
  • General merchandise sales increased 2.6% y/y, higher than the 1.1% y/y increase last month, while sales of fabric apparels and accessories rising 11.3%, converting from last 2.4% drop.
  • Sales of food and beverages increased 2.2% y/y, compared with falling 0.1% y/y last month.
  • Fuel sales, another key driver, decreased 1.4% y/y, offsetting last 1.5% y/y growth.
  • Sales of machinery and equipment up 4.0% y/y, slower from the 4.3% y/y growth previously.