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MNI DATA IMPACT: Japan Sep Retail Sales Surge, Demand Strong

MNI (London)
     TOKYO (MNI) - Japan's retail sales jumped in September, driven by improving
sales of general merchandise, machinery/equipment and fuel on a year-on-year
basis, data from the Ministry of Economy, Trade and Industry (METI) showed
     Here are the key points from the latest retail sales data:
     --Retail sales rose for a second straight month by 9.1% year-on-year in
September, following last month's 1.9% y/y growth, outpacing the 6.9% y/y growth
projected by MNI's median survey. 
     --General merchandise sales accelerated to 13.9% y/y in September, much
quicker than the 0.2% y/y increase reported previously. Sales for machinery and
equipment surged 37.9% y/y from August's 12.1% y/y, marking the biggest gain
across sectors this month.
     --Fuel sales dropped 0.4% y/y, improving from the 3.6% y/y fall recorded in
August. Sales of food and beverages edged up 1.1% y/y, compared with a 0.7% y/y
increase. Sales for fabric apparels and accessories increased 1.7% y/y, down
from the previous 4.6% y/y gain.
     --On a monthly basis retail sales were up 7.1% in September, quicker than
last month's 4.6% increase.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email:
--MNI London Bureau; tel: +44 203-586-2225; email:
MNI London Bureau | +44 203-865-3812 |

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