Retail sales in Japan rose by 2.9% yoy in April 2022, exceeding market consensus of a 2.6% and following a downwardly revised 1.7% gain a month earlier. The latest reading marked the second straight month of increase in retail trade and the steepest pace since May 2021, boosted by a strength in consumption as COVID-19 situation was relatively under control. Sales picked up sharply for both general merchandise (8% vs 1.9% in March) and others (10% vs 2%), while sales of food & beverages went up the most in four months (0.4 percent vs flat reading, and there was a rebound in sales of fabric apparel & accessories (9.5% vs -7.2%) and machinery and equipment (1.6% vs -3.3%). At th same time, sales continued to grow for both fuel (13.9% vs 15.5%) and medicine & toiletries (1.9% vs 3.9%). On the flip side, sales of motor vehicles dropped for the eighth consecutive months (-8.5% vs -6.3%). On a monthly basis, retail sales grew by 0.8% in April, the second straight month of increase. 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 June of 2022.
Retail Sales YoY in Japan is expected to be 2.00 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.