— See Separate Table For Details Of Individual Forecasts
TOKYO (MNI) – Japanese retail sales in August appeared to have
posted the first year-on-year decline in three months, down 0.6%,
following a revised 0.6% rise in July, according to the median forecast
by economists polled by Market News International.
The Ministry of Economy Trade and Industry will release the data at
0850 JST on Thursday, Sept. 29 (2350 GMT Wednesday).
Economists said a pullback in sales of flat screen TVs hurt August
retail sales.
Domestic shipments of audio and visual electronic appliances fell
26.2% on year in August, posting the first y/y drop in three months,
following +16.9% in July and +24.8% in June.
Many consumers rushed to buy digital TVs before July 24, when Japan
terminated analogue broadcasting services.
skodama@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5403-4838 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$]
