November 29, 2024 00:16 GMT
JAPAN DATA: Japan Oct Retail Sales +1.6% Y/Y
JAPAN DATA
- Japanese retail sales rose 1.6% y/y in October, accelerating from the 0.7% y/y growth reported last month.
- On a monthly basis, retail sales increased 0.1%, compared with the 2.2% decrease in September.
- General merchandise sales fell 3.9% y/y, dipping further from the 0.4% y/y decrease last month, while sales of fabric apparels and accessories drop 1.9%, far below the 10.8% increase registered last month.
- Sales of food and beverages decreased 0.3% y/y, converting from last 0.5% y/y growth.
- Fuel sales, another key driver, increased 3.1% y/y, improving from the previous 1.6% y/y drop.
- Sales of machinery and equipment up 1.8% y/y, wiping off the 0.7% y/y fall previously.
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