Retail sales in Japan rose by 2.4 percent year-on-year in July 2021, above market expectations of 2.1 percent and after a 0.1 percent in the prior month. This was the fifth straight month of growth in retail trade, as consumption strengthening amid an acceleration in COVID-19 vaccinations. Sales growth quickened for both food & beverages (2.5 percent vs 0.7), fuel (27.7 percent vs 26.1 percent); while there was a rebound in sales of both general merchandise (1 percent vs -3.9 percent); and fabrics, apparel & accessories (2.9 percent vs -11.9 percent). At the same time, sales fell at a slower rate for both machinery & equipment (-2.6 percent vs -15.1 percent); and others (-4.6 percent vs -7.2 percent). By contrast, sales slowed for both motor vehicles (3.1 percent vs 12.2 percent); and medicine & toiletry (0.6 percent vs 0.8 percent). On a monthly basis, retail sales gained 1.1 percent in July, after a 3.1 percent increase in June. source: Ministry of Economy Trade & Industry (METI)
Retail Sales YoY in Japan averaged 4.32 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 September 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.