Retail sales in Japan climbed a seasonally adjusted 2.0 percent in February compared to the previous month, the Ministry of Economy, Trade and Industry said on Thursday, coming in at 10.773 trillion yen. That beat forecasts for a flat reading following the 3.1 percent increase in January.
On an annual basis, retail sales surged 3.5 percent - again topping forecasts for a gain of 1.4 percent after rising 1.8 percent in the previous month.
Sales from large-scale retailers saw an increase of 0.2 percent on year to 1.465 trillion yen, beating expectations for a decline of 0.3 percent following the 1.2 percent contraction a month earlier.
Commercial sales eased an annual 0.1 percent to 40.537 trillion yen after falling 2.0 percent in January.
by RTT Staff Writer
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