Free Trial

Japan Aug Retail Sales +2.8% Y/Y

JAPAN DATA
MNI (Singapore)
  • 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.
100 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • 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.