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Main Indicator: Retail Sales y/y
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| 0.2% | -0.1% | 0.1% | N/A | ||
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For May
Large Retailer's Sales y/y: -2.1%, forecast -1.6%, pr. -2.2% (Apr), 0.2% (Mar)
Retail sales fell 0.2% on the month in May, and were up 0.2% on the year. Both figures beat forecasts. The sub index that shows large retailer's sales declined 2.1%, a bigger fall than expected. The data offsets another weak household spending release and may indicate that consumers, though feeling pressured by higher prices, are still buying goods. The figure is not adjusted for inflation, so the gains may only reflect rising costs for food and energy. With inflation continuing to climb, as today's results show, demand will cool and sales may turn negative. |
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Table of Past Data
| 9/27 | 10/28 | 11/27 | 12/27 | 1/28 | 2/27 | 3/27 | 4/27 | 5/28 | 6/26 | ||
| Actual | 0.5% | 0.5% | 0.8% | 1.6% | 0.2% | 1.5% | 3.1% | 1.1% | 0.1% | 0.2% | |
| Forecast | -0.5% | -0.6% | 0.6% | 0.9% | 0.0% | 0.0% | 2.1% | 1.0% | 0.5% | -0.1% | |
| Previous | -2.3% | 0.5% | 0.5% | 0.8% | 1.6% | 0.2% | 1.3% | 3.2% | 1.0% | 0.1% | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.1% | 1.1% | N/A | |
Secondary Indicator: Large Retailers
Most Recent Release
|
Actual | Forecast | Previous | Revised Form | |
| -2.1% | -1.6% | -2.2% | N/A |
Table of Past Data
| 9/27 | 10/28 | 11/27 | 12/27 | 1/28 | 2/27 | 3/27 | 4/27 | 5/28 | 6/26 | ||
| Actual | 0.0% | -2.0% | -1.8% | 0.4% | -1.5% | -1.9% | 1.3% | 0.2% | -2.2% | -2.1% | |
| Forecast | 0.1% | -1.6% | -1.1% | -0.7% | -2.0% | -1.4% | 0.1% | -0.2% | -1.1% | -1.6% | |
| Previous | -2.5% | -0.1% | -2.0% | -1.7% | 0.4% | -1.5% | -2.0% | 1.2% | 0.2% | -2.2% | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Past Releases
Retail Sales y/y
|
Actual | Forecast | Previous | Revised Form | |
| 0.1% | 0.5% | 1.0% | 1.1% | ||
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For April
Large Retailer's Sales y/y: -2.2%, forecast -1.1%, pr. 0.2% (Mar), 1.2 (Feb)
Retail sales climbed 0.1% on the year in April, the weakest showing since July, and lower than expectations. Large retailers saw their sales fall 2.2%. Consumers are watching their spending as high inflation batters their confidence, a story seen in many of the major economies. Household spending was down last month, and is expected to decrease again in its report on Thursday evening. Wage increases are not keeping up with inflation, and consumers are cutting back purchases of new clothing and other items. At a time when exports are cooling as a result of a global slowdown, a decrease in domestic spending will only add problems to the Japanese economy in the second quarter. |
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Actual | Forecast | Previous | Revised Form | |
| -2.2% | -1.1% | 0.2% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 1.1% | 1.0% | 3.2% | 3.1% | ||
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For March
Large Retailer's Sales y/y: 0.2%, forecast -0.2%, pr. 1.2 (rev from 1.3%)
Retail sales increased 1.1% in March as a result of increased spending on fuel. Sales at fuel retailers rose 4% from a year earlier. The data does suggest that consumer spending may not be as weak imagined when looking at the consumer sentiment data. |
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Actual | Forecast | Previous | Revised Form | |
| 0.2% | -0.2% | 1.2% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 3.1% | 2.1% | 1.3% | N/A | ||
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For February
Large Retailer's Sales y/y: 1.3%, forecast 2.2%, pr. -2.0% (Jan - rev. from -1.9%) Retail Sales grew by 3.1%, a surge compared to January 1.3%. This number surprised forecasts on the upside. Even large retailers, which had been negative 4 out of the last 5 months, saw an improvement to 1.3%. Forecasts however called for a slightly larger rise. It was the 7th straight month of growth. Still, amid worsening sentiment due to sluggish wage growth, rising food, fuel prices, it is difficult to say that consumption solid, as retail sales were inflated by a 14.8% rise in fuel costs. |
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Actual | Forecast | Previous | Revised Form | |
| 1.3% | 0.1% | -2.0% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 1.5% | 0.0% | 0.2% | N/A | ||
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For January
Large Retailer's Sales y/y: -1.9%, forecast -1.4%, pr. -1.5% Retail Sales increased 1.5% compared to a year earlier, the sixth month of increases. Sales were primarily driven by a 5.9% increase at fuel retailers. Large retailers continued showing weakness, declining for a second straight month, and for the 4th time in 5 months. |
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Actual | Forecast | Previous | Revised Form | |
| -1.9% | -1.4% | -1.5% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 0.2% | 0.0% | 1.6% | N/A | ||
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For December. Provided by the Ministry of Economy, Trade and Industry - Titled "Preliminary report on the Current Survey of Commerce" Retail Sales m/m: -0.8%, consensus forecast -0.8%, pr. 0.3% (Nov) Large Retailers' Sales y/y: -1.5%, consensus forecast -2.0%, pr. 0.4% (Nov) Retail sales edged up in December from a year ago on the back increased spending on fuel because of higher gasoline prices. |
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Actual | Forecast | Previous | Revised Form | |
| -1.5% | -2.0% | 0.4% | N/A | ||
| For December | |||||
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Actual | Forecast | Previous | Revised Form | |
| 1.6% | 0.9% | 0.8% | N/A | ||
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For November. Retail Sales m/m: 0.3%, forecast 0.0%, pr. 0.3%. Release from Ministry of Economy, Trade and Industry - Preliminary report on the Current Survey of Commerce Sales volume have been growing year-on-year for 4 straight months. Higher gasoline prices have led to an increased spending on fuel. Commercial sales rose 4.9%, while combined wholesale and retail sales level was ip 4.1%. |
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Actual | Forecast | Previous | Revised Form | |
| 0.4% | -0.7% | -1.7% | N/A | ||
| For November. | |||||
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Actual | Forecast | Previous | Revised Form | |
| 0.8% | 0.6% | 0.5% | N/A | ||
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For October '06-'07. Ministry of Economy, Trade and Industry The Japanese economy experiences its third straight month of increased overall retail sales. It's a welcome sign for consumer spending. Large-scale retailers, on the other hand, suffered a fourth straight month of declines. |
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Actual | Forecast | Previous | Revised Form | |
| -1.8% | -1.1% | -2.0% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 0.5% | -0.6% | 0.5% | N/A | ||
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For September Retail sales year over year in September surprised expectations of a decline. Japan's METI report showed that increases in food sales (+0.3%), and fuel sales (+1.2%) were major contributors to the gain. |
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Actual | Forecast | Previous | Revised Form | |
| -2.0% | -1.6% | -0.1% | N/A | ||
| For September. | |||||
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Actual | Forecast | Previous | Revised Form | |
| 0.5% | -0.5% | -2.3% | N/A | ||
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For August. Retail sales rebounded after 3 months of declines. Wholesale sales jumped 3.8%. Commercial sales, combining retail and wholesales, gained 3.1%. Seasonally Adjusted Retail Trade m/m: 3.9%, forecast 2.6%, prev. -2.5% |
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|
Actual | Forecast | Previous | Revised Form | |
| 0.0% | 0.1% | -2.5% | N/A |