28 Apr 2015
Rise in Japanese retail sales expected - Capital Economics
FXStreet (Bali) - Marcel Thieliant, Economist at Capital Economics, notes that the pick-up in gasoline prices in recent weeks points to another rise in Japanese retail sales in March.
Key Quotes
"The pick-up in gasoline prices in recent weeks points to another rise in retail sales values in March (00.50 BST), and we’ve pencilled in a 0.5% m/m increase. However, this wouldn’t necessarily imply an increase in sales volumes."
"The Cabinet Office’s synthetic consumption index suggests consumer spending was flat at best last quarter."
"Meanwhile, small business confidence (06.00 BST) surged in March, but firms were projecting a 0.9 fall in business conditions in April. Our forecast is a drop from 49.8 to 49.0, which would be consistent with broadly flat industrial output."
Key Quotes
"The pick-up in gasoline prices in recent weeks points to another rise in retail sales values in March (00.50 BST), and we’ve pencilled in a 0.5% m/m increase. However, this wouldn’t necessarily imply an increase in sales volumes."
"The Cabinet Office’s synthetic consumption index suggests consumer spending was flat at best last quarter."
"Meanwhile, small business confidence (06.00 BST) surged in March, but firms were projecting a 0.9 fall in business conditions in April. Our forecast is a drop from 49.8 to 49.0, which would be consistent with broadly flat industrial output."