The Australian Retailers Association in collaboration with strategic partners Roy Morgan and Salesforce have tipped that retail sales will grow a “strong” 3% over the festive trading period:
Australians are forecast to spend $63.9 billion in the pre-Christmas sales period (November 14 – December 24), which is up 3% on last year. Hospitality businesses are set to flourish in the run up to Christmas, with over $9 billion in trade – up 16.3% on 2021…
ARA CEO Paul Zahra said the forecasts point to upbeat trading conditions in the run up to Christmas.
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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.
