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Japan Nov Retail Sales +5.3% Y/Y; 21st Monthly Rise

JAPAN DATA
MNI (Singapore)
  • Japanese retail sales rose 5.3% y/y in November, following the 4.1% y/y growth reported last month, marking the 21st monthly rise.
  • On a monthly basis, retail sales increased 1.0%, compared with the 1.6% fall previously.
  • General merchandise sales increased 4.8% y/y, quicker than the 3.5% y/y increase last month, while sales of fabric apparels and accessories rising 0.6% y/y, improving from the decrease of 8.9% y/y in October.
  • Sales of food and beverages increased 5.8% y/y, after growing 6.4% y/y last month.
  • Fuel sales, another key driver, increased 2.9% y/y, up from the 1.2% y/y decrease made in October.
  • Sales of machinery and equipment up 11.0% y/y, largely up from the 1.5% y/y growth last month.
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