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Japan Retail Trade clocks in at 2.9% as Industrial Production slumps

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28 Sep 2018

Japan's Retail Trade figures for the y/y period into August came in at 2.7%, clearing the 2.2% expectations and surging above the previous reading of 1.5%, while the seasonally-adjusted figure for the month of August also came in at 0.9%, beating the forecast -0.1% contraction.

Large Retail Sales also managed to recover slightly, coming in at -0.1% versus the expected -0.2%, but Industrial Production in July disappointed, dropping to 0.7%, better than the -0.2% previous reading but missing the forecast 1.5%.

Foreign investment in Japanese stocks also contracted by -¥519.8 billion, more stable than the previous reading of -¥1.482 trillion, with foreign bond investment settling to ¥1.505 trillion versus the previous month's ¥2.33 trillion.

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Last Modified: September 28, 2018 06:33 AM

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