Retail sales in Japan rose by 8.2 percent year-on-year in May 2021, compared with market expectations of a 7.9 percent gain and after an 11.9 percent rise a month earlier. This was the third straight month of increase in retail trade, as consumption recovered further in the wake of COVID-19 disruption. There were rises in sales of general merchandise (16.4 percent vs 43.6 percent in April); fabrics, apparel & accessories (16.7 percent vs 63.7 percent); motor vehicles (36.4 percent vs 26.9 percent); machinery & equipment (12.6 percent vs 23.8 percent); fuel (34.4 percent vs 25.2 percent); others (0.6 percent vs 5.5 percent); and medicine & toiletry (2.3 percent vs -1.7 percent). In contrast, sales of food & beverages fell for the sixth month in a row (-0.2 percent vs -0.2 percent). On a monthly basis, retail sales fell by 0.4 percent in May, after falling a revised 4.6 percent in April. source: Ministry of Economy Trade & Industry (METI)
Retail Sales YoY in Japan averaged 4.33 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 July 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.