— Japan July Retail Sales MNI Poll Median Forecast +1.0%
— Japan July Retail Sales Post 2nd Straight Y/Y Rise
— Japan July Retail Auto Sales -18.3% Y/Y; June -17.3%
— Japan July Retail Machinery Sales +9.9 Y/Y; June +15.0%
— Japan July Retail Fuel Sales +1.6% Y/Y; June +2.1%
TOKYO (MNI) – Japanese retail sales marked a second straight
year-on-year rise in July, up 0.7%, but the pace of growth decelerated
from a revised 1.2% gain in June due to weaker sales of cars, machinery
and gasoline, data from the Ministry of Economy, Trade and Industry
released on Tuesday showed.
The July reading came in weaker than the median forecast for a 1.0%
rise in a Market News International survey of economists.
In July retail sales of automobiles fell 18.3% on year, posting the
10th consecutive y/y drop after -17.3% in June, while sales of machinery
and equipment including consumer electronics rose 9.9%, marking the
third straight y/y rise following +15.0% in June.
Reflecting slower y/y gains in retail gasoline prices, fuel sales
rose 1.6% in July after +2.1% in June.
Other details from the latest data:
Commercial sales, or combined sales at the wholesale and retail
levels (y/y): July +2.5%, a third straight y/y rise.
Sales at the wholesale level (y/y): July +3.2%, also a third
straight y/y rise.
Large retail store sales on a same-store adjusted basis (y/y): July
+0.8%, the first y/y rise in five months.
Large retail store sales, unadjusted (y/y): July +1.9%, the second
consecutive y/y rise.
tokyo@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5403-4835 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$,MT$$$$]
