The total value of retail sales in Japan was up 4.6 percent on month in August, the ministry of Economy, Trade and Industry said on Wednesday – coming in at 12.419 trillion yen.
That beat expectations for an increase of 1.0 percent following the downwardly revised 3.4 percent drop in July (originally -3.3 percent).
On a yearly basis, retail sales fell 1.9 percent – again exceeding expectations for a fall of 3.5 percent after slipping a downwardly revised 2.9 percent in the previous month (originally -28 percent).
Commercial sales were up 1.4 percent on month and down 12.4 percent in August, while wholesale sales rose 0.8 percent on month and lost 16.6 percent on year.
For comments and feedback contact: firstname.lastname@example.org
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.