Japan data today - preview of the retail sales data

Author: Eamonn Sheridan | Category: News

Due from Japan today at 2350GMT

Retail Trade data for April
For the m/m,
  • expected -0.2%, prior +0.2%
  • expected 2.3%, prior 2.1%
This brief preview is via HSBC:
  • Retail sales rose by 2.1% y/y in March, extending the streak of expansion to the fifth month, implying gradually improving private consumption
  • Seasonally adjusted, it grew by 0.2% on the month
  • Although we believe that private consumption is recovering structurally, we think that following five months of sequential gains, in April, retail sales fell by 0.8% m/m (sa)
  • This translates to a 1.0% y/y (sa) gain
ps. 'sa' is seasonally adjusted, something statisticians do to torture the data.
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