Due from Japan today at 2350GMT
Retail Trade data for April
For the m/m,
- expected -0.2%, prior +0.2%
y/y,
- expected 2.3%, prior 2.1%
This brief preview is via HSBC:
- Retail sales rose by 2.1% y/y in March, extending the streak of expansion to the fifth month, implying gradually improving private consumption
- Seasonally adjusted, it grew by 0.2% on the month
- Although we believe that private consumption is recovering structurally, we think that following five months of sequential gains, in April, retail sales fell by 0.8% m/m (sa)
- This translates to a 1.0% y/y (sa) gain
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ps. 'sa' is seasonally adjusted, something statisticians do to torture the data.
