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Japan Sep Retail Sales +4.5% Y/Y; 7th Monthly Rise

JAPAN DATA
MNI (Singapore)
  • Japanese retail sales rose 4.5% y/y in September, accelerating from the 4.1% y/y growth reported last month, marking the seventh monthly rise.
  • On a monthly basis, retail sales grew 1.1%, slower than the 1.4% growth in August.
  • General merchandise sales jumped up 8.8% y/y, after rising 10.1% y/y last month, while sales of fabric apparels and accessories dropped 3.6% y/y, comparing with rising 7.8% y/y in August.
  • Sales of food and beverages edged down 0.4%, following the 0.1% decrease last month.
  • Fuel sales, another key driver, rose 7.1% y/y, slower than the previous 10.8% y/y growth.
  • Sales of machinery and equipment registered a rise of 3.7% y/y, after dropping 6.3% y/y in August.
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