Australian retail sales climbed 0.6% in October, fueled by early Black Friday sales and tax cuts.

Australian retail sales rose 0.6% in October, marking three months of growth, exceeding expectations. Early Black Friday discounts and increased spending on electronics and household goods drove the increase, while clothing and department store sales fell. Tax cuts and lower inflation supported consumer spending, with trends suggesting an improvement ahead of the holiday season.

December 02, 2024
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