Free Trial

Japan Oct Retail Bounced Back; +6.4% Y/Y

JAPAN DATA
MNI (Singapore)
  • Japanese retail sales rose for the first time in eight months by 6.4% y/y in October, sharply up from the 8.7% y/y decline registered in September.
  • General merchandise sales fell 0.4% y/y - the smallest decline in 13 months, largely recovered from the previous 24.4% y/y fall.
  • Sales of fabric apparels and accessories dropped by 3.9% y/y after falling 24.1% y/y September.
  • Sales of food and beverages increased 3.7% y/y in October, faster than the 1.5% growth reported in September.
  • Fuel sales, another key driver, fell 0.6% y/y, compared with the previous 8.1% y/y fall.
  • Sales of machinery and equipment registered a sharp rise of 27.4% y/y, revising the previous 24.3% y/y drop, marking the biggest monthly rise in 13 months.
  • On a monthly basis, retail sales increased 0.4% in October, up from the previous 0.1% decrease.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.