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Economic Calendar Terms

JP Retail sales yy

Ministry of Economy,
Trade and Industry (METI)
1-3-1 Kasumigaseki
Chiyoda-ku 100-8901
Tokyo
81–3–3501–1619

Retail sales data represents total consumer purchase from retail stores. It provides valuable information about consumer spending which makes up the consumption part of GDP. The most volatile components like autos, gas prices and food prices are often removed from the report to show more underlying demand patterns as changes in sales in these categories are frequently a result of price changes. It is not adjusted for inflation. Spending on services is not included.

Rising retail sales indicate stronger economic growth. However, if the increase is larger than forecast, it may be inflationary.