Global Economic News

Japan Retail Sales Dip 0.6% On Year In June

Retail sales in Japan were down 0.6 percent on year in June, the Ministry of Economy, Trade and Industry said on Tuesday - worth 11.351 trillion yen.

That missed forecasts for a decline of 0.5 percent following the 0.4 percent drop in May.

Sales from large retailers tumbled 1.8 percent on year to 1.632 trillion yen - also shy of expectations for a fall of 1.7 percent after losing 1.2 percent in the previous month.

On a seasonally adjusted monthly basis, retail sales dipped 0.4 percent - missing forecasts for a fall of 0.8 percent following the 4.6 percent plunge in May.

by RTTNews Staff Writer

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