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- Japan's retail sales increased at a faster than expected pace in April
Japan's retail sales increased at a faster than expected pace in April
Japan's retail sales increased at a faster-than-expected pace in April, according to rttnews.
Retail sales climbed 1.6 percent year-over-year in April, faster than the 1.0 percent rise in March. Meanwhile, sales were expected to increase the same by 1.0 percent.
It was the sixth successive monthly rise.
Month-on-month, retail sales advanced a seasonally adjusted 1.4 percent in April, exceeding economists' forecast for an increase of 0.5 percent.
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