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Japan retail sales down 0.2% in September

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Dion Global

29 Oct 2018

Japan's retail sales fell 0.2 per cent month-on-month, in line with expectations but reversed a 0.9 per cent rise in August.

The drop in retail sales in September suggests that consumer spending fell yet again in the third quarter, said Marcel Thieliant, an economist at Capital Economics. That is one reason to expect GDP to contract in third quarter.

On a yearly basis, retail sales growth eased to 2.1 per cent in September from 2.7 per cent in August.