Japan's retail sales increased at a faster than expected pace in April

Market news

30 May 2018

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.

Yves Mersch, an executive board member of the ECB’s monetary decision-making body since 2012, told the Frankfurt Finance Summit Tuesday, that the ECB’s flexibility and autonomy should not be challenged

German index of import prices increased by 0.6% in April

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