Retail sales in Japan rose by 1.5% yoy in June 2022, missing market consensus of 2.8% and following an upwardly revised 3.7% gain a month earlier. The latest reading marked the fourth straight month of increase in retail trade but the softest pace since March, amid a resurgence in COVID-19 infections. There were moderation in sales of general merchandise (4.5% vs 20.7% in May) fuel (11.5% vs 15.2%0, and medicine & toiletry (4.6% vs 5.1%). At the same time, sales fell for fabric apparel & accessories (-1.1% vs 12.9%), food & beverages (-1.1% vs -0.1%), and motor vehicles (-9.2% vs -11.1%). On the flip side, sales of others grew faster (9.9% vs 8.7%) amid a rebound in sales of machinery & equipment (0.3% vs -2.7%). On a monthly basis, retail trade fell 1.4 percent in June, the first decline in four months, after an upwardly revised 0.7 percent rise in May. source: Ministry of Economy Trade & Industry (METI)
Retail Sales YoY in Japan averaged 4.26 percent from 1971 until 2022, reaching an all time high of 36.50 percent in January of 1979 and a record low of -14.30 percent in March of 1998. This page provides the latest reported value for - Japan Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Retail Sales - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Retail Sales YoY in Japan is expected to be 2.50 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 is projected to trend around 1.40 percent in 2023, according to our econometric models.