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Japan retail sales slide 1.1% in August

Staff Writer | September 30, 2016
Retail sales in Japan were down 1.1 percent on month in August, the Ministry of Economy, Trade and Industry said.
Japan consumer
Asia   Missed forecasts for a decline of 0.8 percent in Japan
That missed forecasts for a decline of 0.8 percent following the upwardly revised 1.5 percent increase in July (originally 1.4 percent).

On a yearly basis, retail sales fell 2.1 percent - also beneath expectations for a decline of 1.7 percent after easing 0.2 percent in the previous month.

Sales from large retailers skidded an annual 3.6 percent versus forecasts for a fall of 2.9 percent after gaining 0.6 percent a month earlier.