✉news BusinessRetail first seen 17 h ago, last 10 h ago, peak #20
Japan retail sales fall 1.2% in August
Original: JAPAN AUG RETAIL SALES -1.2% M/M (JULY REVISED TO +2.1% FROM +2.4%); MEDIAN FORECAST -0.9% (RANGE: -1.6% TO -0.8%)
Japan's retail sales dropped 1.2% month-on-month in August, a steeper decline than the median forecast of -0.9%, according to newly released official data. July's figure was also revised down to +2.1% from +2.4%. The pullback follows a strong July, and analysts are watching whether it signals softer consumer spending ahead.
Why now: The unexpected drop in a key consumer spending indicator came in below forecasts and included a downward revision to July, prompting discussion about the strength of Japan's economy.
Rank over time, top of the chart is #1. 6 snapshots from 17 h ago to 10 h ago.
Evidence
- JAPAN AUG RETAIL SALES -1.2% M/M (JULY REVISED TO +2.1% FROM +2.4%); MEDIAN FORECAST -0.9% (RANGE: -1.6% TO -0.8%) · TradingView
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