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Japan May Retail Sales +3.0% Y/Y

JAPAN DATA
MNI (Singapore)
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  • Japanese retail sales rose 3.0% y/y in May, quicker from the 2.0% y/y growth reported last month.
  • On a monthly basis, retail sales rose 1.7%, accelerating from the 1.2% increase previously.
  • General merchandise sales increased 5.4% y/y, higher than the 2.1% y/y increase last month, while sales of fabric apparels and accessories falling 0.3%, narrowing from last 1.0% fall.
  • Sales of food and beverages increased 1.0% y/y, after growing 1.5% y/y last month.
  • Fuel sales, another key driver, increased 4.5% y/y, decelerating from the 4.7% y/y increase made in April.
  • Sales of machinery and equipment up 5.3% y/y, slower from the 8.0% y/y growth last month.
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  • Japanese retail sales rose 3.0% y/y in May, quicker from the 2.0% y/y growth reported last month.
  • On a monthly basis, retail sales rose 1.7%, accelerating from the 1.2% increase previously.
  • General merchandise sales increased 5.4% y/y, higher than the 2.1% y/y increase last month, while sales of fabric apparels and accessories falling 0.3%, narrowing from last 1.0% fall.
  • Sales of food and beverages increased 1.0% y/y, after growing 1.5% y/y last month.
  • Fuel sales, another key driver, increased 4.5% y/y, decelerating from the 4.7% y/y increase made in April.
  • Sales of machinery and equipment up 5.3% y/y, slower from the 8.0% y/y growth last month.