Retail Trade Experiences a Slight Decline

In December, Japan witnessed a 0.7% decrease in retail trade compared to the previous month, with sales amounting to ¥16.1 trillion (~$104.4 billion). This data comes from a recent report by the Ministry of Economy, Trade and Industry, highlighting the challenges faced by the retail sector.

Annual Sales Show Positive Growth

Despite the monthly decline, the annual sales value saw an increase of 3.7%, reaching a total of ¥57.2 trillion. This growth indicates a 3.6% rise in the volume of goods sold compared to December 2023, showcasing the resilience and potential recovery of the retail market.

Wholesale Industry Sees Steady Growth

The wholesale industry also reported positive trends, with the seasonally adjusted value of sales hitting ¥41 trillion. This marks a 3.5% increase year-on-year, further emphasizing the overall growth in Japan's commercial sector despite the slight setback in retail sales.