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Financial News: Japan Retail Sales Jump 1.9% In November

Japan Retail Sales Jump 1.9% In November

12/27/2017 - 19:20:00 (RTTNews)

(RTTNews) - Retail sales in Japan were up a seasonally adjusted 1.9 percent on month in November, the Ministry of Economy, Trade and Industry said on Thursday.

That beat forecasts for a gain of 0.7 percent following the downwardly revised 0.1 percent contraction in October.

On a yearly basis, retail sales climbed 2.2 percent - again topping expectations for a gain of 1.0 percent following the 0.2 percent slide in the previous month.

Sales from large retailers advanced an annual 1.4 percent, exceeding expectations for a gain of 1.0 percent after dipping 0.7 percent a month earlier.

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