Retail sales in Japan increased 1.1% mom on a seasonally adjusted basis in October 2021, beating market estimates of a 1.6% fall but slowing from a 2.8% rise in September. Japanese private consumption returned gradually amid the easing of coronavirus curbs as infections dropped significantly and more than 75% of the population got fully vaccinated. However, lifted restrictions failed to spark a solid increase in Japanese consumption, with the government intending to boost the economy by announcing a record $490 billion stimulus package, including cash payouts to households with children and financial support to COVID-hit businesses. The pick up in retail activity came mainly from the rise in sales of fuel (25.9% vs 16.6% in September) and machinery & equipment (2.2% vs -4.2%); while sales in the fabrics apparel & accessories (-2% vs 2.3%) and motor vehicles (-19.5% vs -12.6%) declined. source: Ministry of Economy Trade & Industry (METI)

Retail Sales MoM in Japan averaged 0.01 percent from 1992 until 2021, reaching an all time high of 11.60 percent in June of 2020 and a record low of -13.70 percent in April of 1997. This page provides the latest reported value for - Japan Retail Sales MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Retail Sales MoM in Japan is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Retail Sales MoM is projected to trend around 0.60 percent in 2022, according to our econometric models.

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Japan Retail Sales MoM


Calendar GMT Actual Previous Consensus TEForecast
2021-10-27 11:50 PM Sep 2.7% -4.0% 1%
2021-11-28 11:50 PM Oct 1.1% 2.8% -1.6% -1%
2021-12-26 11:50 PM Nov


Related Last Previous Unit Reference
Retail Sales MoM 1.10 2.80 percent Oct/21
Retail Sales YoY 0.90 -0.50 percent Oct/21
Japan Retail Sales MoM
In Japan, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Japan, Retail sales are seasonal, volatile and relatively important to the overall economy.