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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (22022)	1/24/2005 9:26:04 AM
From: mishedlo	Read Replies (1) of 116555

Japan Dec supermarket sales down 5.3 pct year-on-year, 13th fall in 14 months [Yiwu your program of teaching Japanese how to shop does not seem to be going very well. ggg] Monday, January 24, 2005 8:05:26 AM TOKYO (AFX) - Supermarket sales in Japan fell 5.3 pct in December from a year earlier to 1.41 trln yen, the 13th decline in 14 months, the Japan Chain Stores Association said For the whole of 2004, supermarket sales dropped 3.5 pct to 14.25 trln yen, the association said The figures are based on the combined sales of 97 supermarket chain operators running a total of 8,553 outlets. The percentage change has been adjusted to facilitate comparison on a same-store basis Nationwide department store sales data for December are to be released today at 2.30 pm (0530 GMT). Later the government will issue data for overall sales at the retail and wholesale levels last month Consumer spending, which underpins 60 pct of the economy, is being counted on to keep the economy growing as export growth and industrial output flatten out Last month the government reported that the economy grew at a real, annualized rate of only 0.2 pct in the July-September quarter, and actually shrank the previous quarter The Japan Chain Stores Association said supermarket sales in December fell from the previous year in four of the five product categories. Sales of food -- the largest category accounting for 56.6 pct of overall supermarket sales last month -- fell 3.9 pct year-on-year, the association said Sales of household products -- the second-largest category accounting for 22.4 pct of overall revenue -- declined 5.2 pct Sales of clothing -- the third-largest category at 13.1 pct of the total -- fell 9.6 pct Sales of miscellaneous goods -- the fourth-largest category accounting for 7.2 pct of overall revenue -- dropped 8.7 pct Revenue from services -- the smallest category at 0.7 pct of total sales -- increased 0.2 pct forexstreet.com

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