Retail Trade. Japan, 01:50 (GMT+2)

Retail Trade release is due at 01:50 (GMT+2) in Japan. It is forecasted that in annual terms the value of the indicator will grow to 2.2% in August from 1.5% a month earlier. In monthly terms, the value of the indicator is predicted to fall to –0.1% in August from 0.1% a month earlier. The index reflects the change in sales in large retail stores. The growth of the indicator shows an increase in consumption and positively affects the economy. Decrease in the indicator shows a decline in the economy and is a negative factor for the economy. The high value of the indicator strengthens JPY, as low one weakens it.

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