Retailers get a boost from Black Friday sales, as shoppers bring forward Christmas spending

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Posted

January 11, 2019 11:34:54

November turned out to be a solid month for retailers, as shoppers brought forward their Christmas spending.

Retail sales rose 0.4 per cent during the month, which coincides with the much-hyped Black Friday and Cyber Monday sales.

It was a slightly better-than-expected outcome, as Reuters-polled economists had predicted a 0.3 per cent rise in the official Bureau of Statistics figures.

More to come.

Topics:

retail,

economic-trends,

business-economics-and-finance,

australia



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