Retail sales in Japan fell by 3.2 percent year-on-year in August 2021, compared with market expectations of a 1 percent drop and after a 2.4 percent gain in the prior month. This was the first decline in retail trade since February, as consumption weakened due to a surge in infections of the Delta strain of COVID-19. There were falls in sales of general merchandise (-9 percent vs 1 percent in July), food & beverages (-1.4 percent vs 2.4 percent), fabrics, apparel & accessories (-12.1 percent vs 3.1 percent), machinery & equipment (-13 percent vs -2.8 percent); and others (-11 percent vs -4.7 percent). At the same time, sales growth eased for both fuel (12.9 percent vs 27.8 percent) and motor vehicles (1.5 percent vs 3.3 percent), while sales of medicine & toiletry were little changed (0.6 percent vs 0.5 percent). On a monthly basis, retail sales dropped by 4.1 percent in August, the first fall in three months, after a 1 percent gain in July. source: Ministry of Economy Trade & Industry (METI)
Retail Sales YoY in Japan averaged 4.31 percent from 1971 until 2021, 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 October of 2021.
Retail Sales YoY in Japan is expected to be 10.50 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 2022, according to our econometric models.