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MNI JAPAN JULY RETAIL SALES +2.6% Y/Y; JUNE +3.8%

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Japan Jul Retail Sales +2.6% Y/Y

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  • Japanese retail sales rose 2.6% y/y in July, decelerating from the 3.8% y/y growth reported last month.
  • On a monthly basis, retail sales rose 0.2%, slower from the 0.6% increase previously.
  • General merchandise sales increased 1.0% y/y, lower than the 7.7% y/y increase last month, while sales of fabric apparels and accessories falling 2.7%, up from last 4.7% rise.
  • Sales of food and beverages decreased 0.5% y/y, compared with growing 2.5% y/y last month.
  • Fuel sales, another key driver, increased 1.0% y/y, decelerating from the 4.8% y/y increase made in June.
  • Sales of machinery and equipment up 4.6% y/y, slower from the 9.7% y/y growth last month.
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  • Japanese retail sales rose 2.6% y/y in July, decelerating from the 3.8% y/y growth reported last month.
  • On a monthly basis, retail sales rose 0.2%, slower from the 0.6% increase previously.
  • General merchandise sales increased 1.0% y/y, lower than the 7.7% y/y increase last month, while sales of fabric apparels and accessories falling 2.7%, up from last 4.7% rise.
  • Sales of food and beverages decreased 0.5% y/y, compared with growing 2.5% y/y last month.
  • Fuel sales, another key driver, increased 1.0% y/y, decelerating from the 4.8% y/y increase made in June.
  • Sales of machinery and equipment up 4.6% y/y, slower from the 9.7% y/y growth last month.