Retail sales in Japan rose 3.8% in December 2022 from a year earlier, exceeding forecasts for a 3% growth and following a 2.5% gain in November. This was also the tenth straight month of growth in retail trade, as domestic consumption continued to recover from the pandemic slump. Industries that contributed the most to the increase were medicine & toiletry stores (16%), others (9%) and general merchandise (3.9%), while a decline in retail activity were seen in nonstore retailers (-3.2%), machinery & equipment (-3%) and motor vehicles (-0.5%). On a monthly basis, retail trade rose 1.1% in December, reversing from a downwardly revised 1.3% decline in November. source: Ministry of Economy Trade & Industry (METI)

Retail Sales YoY in Japan averaged 4.25 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 January of 2023.

Retail Sales YoY in Japan is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Japan Retail Sales



Calendar GMT Actual Previous Consensus TEForecast
2022-12-26 11:50 PM Nov 2.6% 4.4% 3.7% 4%
2023-01-30 11:50 PM Dec 3.8% 2.5% 3% 2.4%
2023-02-27 11:50 PM Jan


Related Last Previous Unit Reference
Retail Sales MoM 1.10 -1.30 percent Dec 2022
Retail Sales YoY 3.80 2.50 percent Dec 2022

Japan Retail Sales
In Japan, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.
Actual Previous Highest Lowest Dates Unit Frequency
3.80 2.50 36.50 -14.30 1971 - 2022 percent Monthly

News Stream
Japan Dec Retail Sales Above Forecasts
Retail sales in Japan rose 3.8% in December 2022 from a year earlier, exceeding forecasts for a 3% growth and following a 2.5% gain in November. This was also the tenth straight month of growth in retail trade, as domestic consumption continued to recover from the pandemic slump. Industries that contributed the most to the increase were medicine & toiletry stores (16%), others (9%) and general merchandise (3.9%), while a decline in retail activity were seen in nonstore retailers (-3.2%), machinery & equipment (-3%) and motor vehicles (-0.5%). On a monthly basis, retail trade rose 1.1% in December, reversing from a downwardly revised 1.3% decline in November.
2023-01-31
Japan Retail Sales Growth Below Forecasts
Retail sales in Japan rose 2.6% in November 2022 from a year earlier, slowing for the second straight month and missing expectations for a 3.7% gain. Still, this was the ninth straight month of growth in retail trade, as domestic consumption remained resilient despite persistent Covid concerns. Industries that contributed the most to the increase were medicine & toiletry stores (12%), others (9.5%) and motor vehicles (8.1%), while a decline in retail activity were seen in fabric apparel & accessories (-8%), nonstore retailers (-3.2%) and fuel (-2.6%). On a monthly basis, retail trade fell 1.1% in November, reversing from an upwardly revised 0.3% growth in October and turning negative for the first time since June.
2022-12-27
Japan Retail Sales Growth Below Forecasts
Retail sales in Japan expanded by 4.3% yoy in October 2022, less than market consensus of 5% and slowing from an upwardly revised 4.8% rise in the prior month which was the fastest increase since May 2021. Still, this was the eighth straight month of increase in retail trade, as consumption sustained in the wake of the COVID-19 hit. There were rises in sales of general merchandise (6.6% vs 8.8% in September), motor vehicles (10.6% vs 10.2%), fuel (1.9% vs 7.5%), medicine & toiletry (10.5% vs 12.4%), fabric apparel & accessories (4.8% vs -2.3%), food & beverages (1.3% vs -0.1%), and others (9.4% vs 8.4%). On the flip side, sales of machinery & equipment fell 1.2% after rising 3.0% in September. On a monthly basis, retail trade edged up 0.2 percent in October, the least in four months, after an upwardly revised 1.5 percent rise in September.
2022-11-28