Japan's retail sales went under investors' expectations in October, despite rising by a mere 0.1% on a monthly basis to land at ¥13.8 trillion (~$91.4 billion), according to a preliminary report released on Friday by the country's Ministry of Economy, Trade and Industry.
On an annual basis, the sales value went up by a 1.6%, as the total value of commercial sales reached ¥52.1 trillion, with 4.8% more goods sold compared to October 2023.
Meanwhile, the seasonally adjusted value of sales in the wholesale industry reached ¥38.8 trillion, marking a year-on-year increase of 6.0%.
