JEQ - Japan June retail sales rise 5.9% Y/Y; industrial output rebounds less than expected
2023-07-31 01:37:29 ET
-
Retail sales volume in Japan grew 5.9% Y/Y in June 2023, accelerating slightly from an upwardly revised 5.8% increase in May and matching the consensus forecast.
-
This was the 16th consecutive month of expansion in retail trade as consumption continued to recover from the pandemic-induced slump.
-
On a monthly basis, retail sales declined by 0.4% in June, reversing from an upwardly revised 1.4% gain in May.
-
Industrial production in Japan increased by 2.0% month-over-month in June 2023, compared with market estimates of a 2.4% growth and after a final 2.2% fall a month earlier, flash data showed.
-
This was the fourth time of gain in industrial output so far this year and the strongest pace since February.
-
On an annual basis, industrial output declined by 0.4% in June, shifting from a 4.2% rise in May which was the steepest expansion since September 2022.
For further details see:
Japan June retail sales rise 5.9% Y/Y; industrial output rebounds less than expected