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Japan Dec Retail Sales +2.1% Y/Y; 22nd Monthly Rise

JAPAN DATA
MNI (Singapore)
  • Japanese retail sales rose 2.1% y/y in December, following the 5.4% y/y growth reported last month, marking the 22nd monthly rise.
  • On a monthly basis, retail sales fell 2.9%, compared with the 1.0% increase previously.
  • General merchandise sales increased 2.2% y/y, slower than the 4.6% y/y increase last month, while sales of fabric apparels and accessories falling 13.5% y/y, dramatically down from last flat change.
  • Sales of food and beverages increased 2.9% y/y, after growing 5.8% y/y last month.
  • Fuel sales, another key driver, increased 1.0% y/y, down from the 3.9% y/y increase made in December.
  • Sales of machinery and equipment up 2.4% y/y, decelerating from the 3.7% y/y growth last month.
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