Japan retail sales return to growth in January

Listen to this article

00:00
00:00

Japanese retail sales returned to growth in January giving the best month-on-month result since November.

Retail sales grew 0.5 per cent month-on-month in January, coming in above a median of economists’ estimates compiled by Bloomberg of 0.3 per cent growth. Revised figures for December saw sales contract by 1.6 per cent.

This pushed the annual pace to 1 per cent in January, up from a revised 0.7 per cent (previously 0.6 per cent) and in line with forecasts.

Department store and supermarket sales fell 1.1 per cent in January, slightly above estimates of a 1 per cent fall and easing from a 1.3 per cent drop in December.

Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from FT.com and redistribute by email or post to the web.