1/31, 12:51 AM (Source: TeleTrader)
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Japan retail sales rise by 3.8% in December

Japan's retail sales surprised investors' expectations in December, rising by 3.8% on an annual basis to land at ¥15.2 trillion (~$116.4 billion), according to a preliminary report released on Tuesday by the country's Ministry of Economy, Trade, and Industry.

On a monthly basis, the sales value went up by 1.1%. The total value of commercial sales amounted to ¥54.6 trillion, with 3.3% more goods sold compared to December 2021.

Meanwhile, the seasonally adjusted value of sales in the wholesale industry reached ¥39.5 trillion, marking a year-on-year increase of 3.1%.

Baha Breaking News (BBN) / NL