Japan’s retail sales rebound in Oct, IP misses estimates

By FXStreet FXStreet (Mumbai) – Japan’s total retail volumes rebounded 1.8% y/y in Oct, the Ministry of Economy, Trade and Industry said on Monday. Market expected an increase of 0.9% following the 0.1% decline in September.

While on monthly basis, retail trades were up 1.1% in October, against a 0.7% increase in Sept.

Separately, the Japanese industrial production climbed 1.4% m/m in Oct, less than a 1.8% rise expected. Last month, the industrial figures jumped 1.1%, having positively surprised markets.

On yearly basis, industrial output fell 1.4% (-0.9% expectations), marking third consecutive decline.
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Source:: FX Street