Retail sales in Japan rose by 5.2 percent year-on-year in March 2021, following a 1.5 percent drop a month earlier and compared with market expectations of a 4.7 percent fall. This was the first growth in retail trade since November 2020 and the steepest pace in five months, as consumption recovered in the wake of COVID-19 disruption. Sales grew for most categories: general merchandise (7.4 percent vs -10 percent in February); fabrics, apparel & accessories (13 percent vs -17.4 percent); motor vehicles (10.5 percent vs 6 percent); machinery & equipment (14.4 percent vs 11.2 percent); fuel (5.5 percent vs -9.7 percent); medicine & toiletry (1.6 percent vs -5.2 percent); and others (5.3 percent vs 4 percent). At the same time, sales of food & beverages fell much softer (-0.2 percent vs -2 percent). On a monthly basis, retail sales went up by 1.2 percent in March, after a 3.1 percent rise in February. source: Ministry of Economy Trade & Industry (METI)
Retail Sales YoY in Japan averaged 4.31 percent from 1971 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Retail Sales YoY in Japan is expected to be 2.00 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 2.50 in 12 months time. In the long-term, the Japan Retail Sales is projected to trend around 1.40 percent in 2022, according to our econometric models.