Japan's retail trade increased 1.2 percent from a year earlier in May 2019, the most since December, following a downwardly revised 0.4 percent climb in the previous month and matching market expectations. The increase was mainly explained by a 2.0 percent rebound for motor vehicle sales, after falling 1.7 percent in the previous month. Also, sales of fabrics apparel & accessories rebounded 4.1 percent after a 0.5 percent drop. In addition, machinery & equipment sales grew 5.6 percent after expanding 2.1 percent. In contrast, general merchandise sales shrank 2.0 percent (versus -3.4 percent in April). On a monthly basis, retail sales rose 0.3 percent in May. Retail Sales YoY in Japan averaged 4.54 percent from 1971 until 2019, reaching an all time high of 36.50 percent in January of 1979 and a record low of -14.30 percent in March of 1998.

Retail Sales YoY in Japan is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Japan to stand at 1.00 in 12 months time. In the long-term, the Japan Retail Sales is projected to trend around 0.90 percent in 2020, according to our econometric models.

Japan Retail Sales
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-28 11:50 PM Retail Sales YoY Feb 0.4% 0.6% 1.2% 0.4%
2019-04-25 11:50 PM Retail Sales YoY Mar 1% 0.6% 0.8% 1.1%
2019-05-30 11:50 PM Retail Sales YoY Apr 0.5% 1% 0.8% 1.4%
2019-06-26 11:50 PM Retail Sales YoY May 1.2% 0.4% 1.2% 0.9%
2019-07-28 11:50 PM Retail Sales YoY Jun 1.2% 2.1%
2019-08-29 11:50 PM Retail Sales YoY Jul
2019-09-29 11:50 PM Retail Sales YoY Aug


Japan Consumer Last Previous Highest Lowest Unit
Consumer Confidence 38.70 39.40 50.80 27.50 Index Points [+]
Retail Sales MoM 0.30 -0.10 8.30 -13.70 percent [+]
Retail Sales YoY 1.20 0.40 36.50 -14.30 percent [+]
Household Spending 4.00 1.30 7.20 -10.60 percent [+]
Consumer Spending 300365.70 300535.20 306023.80 150439.60 JPY Billion [+]
Disposable Personal Income 337.97 430.70 1079.95 35.36 JPY Thousand [+]
Personal Savings 2.50 21.50 54.30 -9.90 percent [+]
Bank Lending Rate 1.00 1.00 9.90 0.90 percent [+]
Households Debt To GDP 58.10 57.70 72.20 20.30 percent of GDP [+]
Gasoline Prices 1.35 1.39 2.00 0.91 USD/Liter [+]
Consumer Credit 331784.00 332103.00 518217.00 279358.00 JPY Billion [+]


Japan Retail Sales

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. This page provides the latest reported value for - Japan Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Retail Sales - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 0.40 36.50 -14.30 1971 - 2019 percent Monthly




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