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11/30/2023, 12:53 AM (Source: TeleTrader)
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Retail sales in Japan drop 1.6% in October

Japan's retail trade recorded a fall of 1.6% in October compared to the previous month, the Ministry of Economy, Trade and Industry said in a release on Thursday. Retail sales increased by 4.2% on a yearly basis.

Automotive retailers saw an annual drop of 8.2%, while the food and beverage retail industry increased by 6.6% year-on-year. Pharmaceutical and cosmetics retailers saw their sales rise by 4.9%, department stores' trade was up by 3.5%, and machinery and equipment retailers increased by 0.9%.

Baha Breaking News (BBN) / DJ