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Japan Feb Retail Sales +4.6% Y/Y

JAPAN DATA
MNI (Singapore)
  • Japanese retail sales rose 4.6% y/y in February, quicker from the 2.1% y/y growth reported last month.
  • On a monthly basis, retail sales rose 1.5%, compared with the 0.2% increase previously.
  • General merchandise sales increased 8.4% y/y, faster than the 3.4% y/y increase last month, while sales of fabric apparels and accessories rising 0.7%, compared with last 8.3% fall.
  • Sales of food and beverages increased 5.7% y/y, after growing 3.5% y/y last month.
  • Fuel sales, another key driver, increased 2.3% y/y, up from the 1.5% y/y increase made in January.
  • Sales of machinery and equipment up 5.4% y/y, accelerating from the 1.5% y/y growth last month.
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