Japan’s Retail Sales Rebound Strongly in June After May Drop

Bloomberg.com — Japan’s retail sales rebounded in June, recovering from a sharp drop in May and offering a sign of improved consumption in the second quarter.

Highlights

• Retail sales rose 1.5 percent in June (forecast +1.5 percent) from May, when they fell 1.7 percent.
• Sales increased 1.8 percent from the previous year (forecast +1.7 percent).
• Sales at department stores and supermarkets climbed 1.5 percent from a year earlier. […]