Japan Retail Sales Fall 3.3% In July

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The total value of retail sales in Japan was down a seasonally adjusted 3.3 percent on month in July, the Ministry of Economy, Trade and Industry said on Monday.

That missed forecasts for a gain of 3 percent and was down from 13.1 percent in June.

On a yearly basis, retail sales sank 2.8 percent – again shy of expectations for a decline of 1.7 percent following the 3.9 percent increase in the previous month.

The material has been provided by InstaForex Company – www.instaforex.com

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