SYDNEY : Australian retail sales had the biggest increase in 10 months in November as Black Friday discounting drew cost-conscious shoppers, but even so they missed forecasts suggesting consumer demand remains subdued.Analysts also suspect the extra demand was just brought forward from Christmas.Th

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Channel News Asia

Singapore

Australia Nov retail sales rise by most in 10 months on Black Friday boost

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Government of Singapore

Strong car sales, cinematic hits and Black Friday bargains contributed to Aussies spending up big in November.

News

Murdoch family

What Aussies bought on Black Friday

(Bloomberg) — Australian retail sales rose slower than expected in November as consumers remain cautious about their budgets despite energy and rent rebates from the government and expectations of interest rate cuts this year.

Financial Post

Leon Cooperman

Allianz

Canada

Australia's Retail Sales Disappoint, Underlining Price Pressures

Black Friday sales and new vehicle purchases have contributed to a rise in household spending in November, new data shows.

The West Australian

Kerry Stokes

Australia

Black Friday, new cars boost household spending in November

Household spending in Australia saw a modest rise of 0.4 percent in November, following a stronger 0.9 percent increase in October, according to seasonal figures released by the Australian Bureau of Statistics (ABS).
While September had seen a slight dip of 0.2 percent, November’s growth was driven by significant retail activity, including the Black Friday sales, which boosted spending in sectors like recreation and culture.
Recreation and cultu…

Ad Fontes Media

All Sides

The Epoch Times

Epoch Media Group

New York

United States

Household Spending Rises in November, Driven by Black Friday Sales

Retail sales rose the most in nearly a year as Black Friday discounts enticed shoppers to spend, so just how big were the promotions and will they continue? SBS Finance Editor Ricardo Gonçalves speaks with David Rumbens from Deloitte Access Economics to find out; plus the day on the sharemarket including Star's growing woes, with Zoran Kresovic from Blueberry Markets.

SBS News

Australian Government

Sydney

New South Wales

Will Black Friday's heavy discounting continue into 2025?

SYDNEY (Reuters) –     Australian retail sales had the biggest increase in 10 months in November as Black Friday discounting drew cost-conscious shoppers, but even so they missed forecasts suggesting consumer demand remains subdued. Analysts also suspect the extra demand was just brought forward from Christmas. The data is unlikely to be seen as an impediment for rate cuts, with markets wagering that the Reserve Bank of Australia could ease poli…

WTVB

Midwest Communications

Australia's trade surplus came in at 7 billion Australian dollars (about $4.3 billion) in November, the country's Bureau of Statistics reported on Thursday. The figure beat expectations and was higher...

BizToc

Australian trade surplus at A$7B in November

November’s retail trade numbers cover the popular Black Friday sales. (Bianca De Marchi/AAP PHOTOS) By Poppy Johnston in Canberra Australian retail sales rose 0.8 per cent in November, bolstered by the ever-growing popularity of Black Friday sales. Turnover lifted across all retail categories over the month, led by a 1.8 per cent bump in department store sales as shoppers rushed to snap up hot deals. November’s lift followed a 0.5 per cent incre…

Canberra CityNews

Canberra

Australian Capital Territory

'Big hit': prominence of Black Friday boosts sales

AUSTRALIAN median rents rose 6.9 per cent in the three months to December from a year ago, the slowest pace since 2021, according to data from REA Group Market Insight.

Australia Nov retail sales rise by most in 10 months on Black Friday boost

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