October 31, 2024 00:24 GMT
Japan Sep Retail Sales +0.5% Y/Y
JAPAN DATA
MNI (Singapore)
- Japanese retail sales rose 0.5% y/y in September, decelerating from the 3.1% y/y growth reported last month.
- On a monthly basis, retail sales fell 2.3%, slower from the 1.0% increase in August.
- General merchandise sales fell 0.2% y/y, far below the 2.4% y/y increase last month, while sales of fabric apparels and accessories rising 10.7%, following last 10.9% increase.
- Sales of food and beverages increased 0.4% y/y, decelerating from 2.7% y/y last month.
- Fuel sales, another key driver, decreased 1.5% y/y, dipping from the previous 0.9% y/y drop.
- Sales of machinery and equipment up 0.4% y/y, slower from the 4.2% y/y growth previously.
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