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Japan Oct Retail Sales +4.3% Y/Y; 8th Monthly Rise

JAPAN DATA
MNI (Singapore)
  • Japanese retail sales rose 4.3% y/y in October, following the 4.8% y/y growth reported last month, marking the eighth monthly rise.
  • On a monthly basis, retail sales grew 0.2%, slower than the 1.1% growth in September.
  • General merchandise sales jumped up 6.6% y/y, after rising 8.8% y/y last month, while sales of fabric apparels and accessories rose 4.8% y/y, comparing with dropping 2.3% y/y in September.
  • Sales of food and beverages increased 1.3%, after falling 0.1% last month.
  • Fuel sales, another key driver, rose 1.9% y/y, decelerating from the previous 7.5% y/y growth.
  • Sales of machinery and equipment dropped 1.2% y/y, after rising 3.0% y/y in September.
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