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.