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Japan Jul Retail Sales +6.8% Y/Y; 17th Monthly Rise

JAPAN DATA
MNI (Singapore)
  • Japanese retail sales rose 6.8% y/y in July, following the 5.8% y/y growth reported last month, marking the 17th monthly rise.
  • On a monthly basis, retail sales increased 2.1%, rising from last 0.6% fall in June.
  • General merchandise sales increased 6.3% y/y, quicker than the 4.5% y/y increase last month, while sales of fabric apparels and accessories rising 3.0% y/y, picking up from the decrease of 2.0% y/y in June.
  • Sales of food and beverages increased 8.0% y/y, after growing 6.9% y/y last month.
  • Fuel sales, another key driver, grew 2.8% y/y, climbing up from the 4.1% y/y decrease made in June.
  • Sales of machinery and equipment up 6.8% y/y, slower than the 9.4% y/y growth last month.
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