Japan: Retail sales Y-on-Y
* indicates monthly or quarterly data series
The most recent value is 2.8 percent as of November 2024, an increase compared to the previous value of 1.3 percent. Historically, the average for Japan from January 2003 to November 2024 is 0.88 percent. The minimum of -13.9 percent was recorded in April 2020, while the maximum of 12 percent was reached in April 2021.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Ministry of Economy, Trade and Industry of Japan
| Recent values | Japan: Retail sales Y-on-Y |
|---|---|
| 2024 Nov | 2.8 |
| 2024 Oct | 1.3 |
| 2024 Sep | 0.7 |
| 2024 Aug | 3.1 |
| 2024 Jul | 2.7 |
| 2024 Jun | 3.8 |
| 2024 May | 2.8 |
| 2024 Apr | 2 |
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Definition: The retail sales Y-on-Y is an aggregated measure of the sales of retail goods over a stated period. Because retail sales are a measure of consumer demand for finished goods, they are a leading macroeconomic indicator of the pulse of an economy and its projected path toward expansion or contraction.
Retail sales Y-on-Y is calculated as the percent change in the Retail sales index from the same month the previous year.
The Retail sales Y-on-Y measures only volume changes, i.e. price level changes are excluded.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | -2.90 | 11/2024 | percent |
| Retail sales Y-on-Y | 2.80 | 11/2024 | percent |
| House price index | 138.51 | Q2/2024 | index points |
| Real residential property prices Y-on-Y change | 0.02 | Q2/2024 | percent |
| Business confidence survey | 12.50 | Q4/2024 | points |
| Consumer confidence survey | -27.60 | 12/2024 | points |