Retail sales fell by 1.1% after rising 1.5% in July. In annual terms, this indicator decreased 2.1% compared to the same period of the previous year and the sixth consecutive month of decline.
Retail sales – a figure published by the Ministry of Economy, Trade and Industry evaluates the total sales through specialized outlets involved in the sale of goods and related services to the population, households as well as for personal use. Consumer spending – an important indicator of the state of the Japanese economy. The decline is negative for the Japanese currency and led to the fall of the yen.
The report of the Ministry of Economy, Trade and Industry of Japan said that sales of almost all goods except automobiles and cosmetics, decreased compared to the same period of the previous year.
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