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Japan Retail Sales YoY
Last Release
Jan 31, 2023
Actual
6.3
Units In
%
Previous
3.8
Frequency
Monthly
Next Release
Mar 30, 2023
Time to Release
5 Days 7 Hours
Highest | Lowest | Average | Date Range | Source |
36.5 Jan 1979 | -14.3 Mar 1998 | 4.25 % | 1971-2023 | N/A |
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.
Latest Updates
Retail sales in Japan rose by 6.3% yoy in January 2023, topping market forecasts of 4.0% and accelerating from a 3.8% growth a month earlier. This was the 11th straight month of increase in retail trade and the steepest pace since May 2021, as consumption strengthened further as the economy fully reopened following the removal of all pandemic restrictions. Sales growth accelerated for general merchandise (8.9% vs 3.9% in December), fashion apparel & accessories (4.8% vs 0.8%), food & beverages (5.4% vs 3.2%), and others (9.9% vs 9.4%). Also, sales of motor vehicles picked up sharply (19.3% vs 0.4%). In addition, sales of machinery & equipment fell at a slower rate (-3.2% vs -3.7%). Meantime, sales moderated for both fuel (0.7% vs 3.0%) and medicine & toiletry stores (7.5% vs 15.9%). On a monthly basis, retail trade increased by 1.9% in January, the second consecutive month of rise, after a 1.1% gain in December.
Japan Retail Sales YoY History
Last 12 readings