Japan June Retail Sales Post 1st Y/Y Rise in 4 Months

–Japan June Retail Sales +1.1% Y/Y Vs May -1.3%
— Japan June Retail Sales MNI Poll Median Forecast: -0.4% Y/Y
— Japan June Retail Sales Post 1st Y/Y Rise In 4 Months
— Japan June Retail Auto Sales -17.3% Y/Y; May -24.5%
— Japan June Retail Machinery Sales +15.2% Y/Y; May +3.8%
— Japan June Retail Fuel Sales +2.1% Y/Y; May +1.3%

TOKYO (MNI) – Japanese retail sales rose 1.1% in June, the best
reading since +1.5% in November 2010, as Japan Inc. stepped up its
efforts to fix ravaged supply chains and helped shore up consumer
confidence, data from the Ministry of Economy, Trade and Industry
released on Thursday showed.

Japan’s seasonally adjusted Consumer Confidence Survey index rose
to 35.3 in June from 34.2 in May, recovering from 33.1 in April, the
lowest since April 2009, as manufacturers scramble to restore wrecked
production facilities and supply chain networks while the government is
trying to rebuild the disaster zone and contain the nuclear radiation
crisis.

The June reading came in much better than the median forecast for a
0.4% drop in a Market News International survey of economists.

Other details from the latest data:

Commercial sales, or combined sales at the wholesale and retail
levels (y/y): June +2.9%, a second straight y/y rise.

Sales at the wholesale level (y/y): June +3.5%, a second straight
y/y rise.

Large retail store sales on a same-store adjusted basis (y/y): June
-0.5%, a four consecutive y/y fall.

Large retail store sales, unadjusted (y/y): June +0.5%, the first
rise in four months.

tokyo@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5403-4835 **

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