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Japan Jun Retail Sales +3.7% Y/Y

JAPAN DATA
MNI (Singapore)
  • Japanese retail sales rose 3.7% y/y in June, accelerating from the 2.8% y/y growth reported last month.
  • On a monthly basis, retail sales rose 0.6%, slower from the 1.7% increase previously.
  • General merchandise sales increased 7.7% y/y, higher than the 5.4% y/y increase last month, while sales of fabric apparels and accessories rising 4.7%, up from last 0.2% fall.
  • Sales of food and beverages increased 2.4% y/y, after growing 1.3% y/y last month.
  • Fuel sales, another key driver, increased 4.7% y/y, decelerating from the 5.1% y/y increase made in May.
  • Sales of machinery and equipment up 10.1% y/y, slower from the 4.7% y/y growth last month.
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