Market Commentary and Intraday News

Japan Retail Sales Climb 0.2% On Year In June

297 days ago

(RTTNews) - Retail sales in Japan were up 0.2 percent on year in June, the Ministry of Economy, Trade and Industry said on Friday, coming in at 11.163 trillion yen. That was well shy of forecasts for an increase of 1.1 percent following the 3.6 percent surge in May.

On a seasonally adjusted, monthly basis, retail sales dropped 1.2 percent - also missing expectations for an increase of 0.2 percent following the 0.7 percent gain in the previous month.

Sales from large retailers dropped an annual 2.6 percent to 1.568 trillion yen.

Commercial sales fell 2.8 percent to 41.326 trillion yen, the data showed, while wholesale sales dropped 3.8 percent to 30.163 trillion yen.

For the second quarter of 2012, retail sales were up 3.1 percent on year to 33.963 trillion yen. Sales from large retailers fell an annual 1.3 percent to 4.710 trillion yen.

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