Japan's retail sales increased 3.0% year-on-year in May, surpassing expectations and April's growth.
Japan's retail sales saw a 3.0% year-on-year increase in May, exceeding analysts' expectations of a 2.0% increase and surpassing the revised 2.0% growth seen in April. Large retailers reported a month-on-month sales increase of 1.7% and a year-on-year rise of 4.0%. Commercial sales also showed positive trends, with a monthly increase of 2.0% and an annual growth of 5.6%.
June 27, 2024
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