Australian November Retail Sales Jump on Black Friday Offers
- Black Friday sales were a ‘big hit’ this year, ABS says
- All retail categories rose, with household goods leading gains
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Australian retail sales jumped by more than economists predicted in November as consumers brought forward their Christmas shopping to take advantage of Black Friday discounts.
Sales climbed 2% from a month earlier, compared with estimates for a 1.2% rise, Australian Bureau of Statistics data showed Tuesday. The result was the strongest since November 2021 and drove the local dollar slightly higher to 67.30 US cents, from around 67.22 prior to the data.