-
Australian retail: back in black?
Retail sales came in much stronger than expected in Nov on what looks to be a combination of 'Black Friday' sales and some delayed effect from policy stimulus measures. Total retail sales rose 0.9%mth, well above expectations of a 0.4% gain and the strongest monthly result since November 2017. Annual growth lifted to 3.2%yr. Much of this reflects the growing popularity of the 'Black Friday' sales event although the detail suggests traditional retail also recorded a strong gain that would be consistent with some delayed effect from recent stimulus measures - the tax offset payments that went out in the third quarter ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jan 10, 2020 12:48am Jan 10, 2020 12:48am
- roger44
- Joined Sep 2014 | Status: Member | 614 Comments
- Comment #2
- Quote
- Jan 10, 2020 1:04am Jan 10, 2020 1:04am
- Blessed-man
- | Joined Apr 2016 | Status: Member | 444 Comments
- Comment #3
- Quote
- Jan 10, 2020 1:23am Jan 10, 2020 1:23am
- Chiel_m
- | Joined Jul 2010 | Status: Member | 3 Comments