Black Friday drives retail sales to the moon

Friday 10 January 2020

The ABS has released retail sales figures for the month of November, which recorded 0.9% growth in the value of retail sales over the month in seasonally-adjusted terms, with annual sales growth lifting to 3.2%:

In trend terms, annual retail sales growth rose to 2.9%.

According to the ABS:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.