Australian retail sales receive a boost from Black Friday sales

  • Australian retail sales receive a boost from Black Friday sales

Australian retail sales receive a boost from Black Friday sales

Household Products Australian shoppers boost November retail sales to five-month highs Retail sales rose a seasonally adjusted 0.4 percent in November from October, data from the Australian Bureau of Statistics showed on Friday.

Singapore's total retail sales value in November 2018 was estimated at 3.8 billion Singapore dollars (about 2.81 billion US dollars).

The total retail sales value in November a year ago was about $3.8 billion. Takings slid by 22.1 per cent, against a high base from major mobile phone launches in the same period the year prior.

Elsewhere, food and department store sales rose by 0.2% and 0.4% respectively, offsetting declines in "other" goods and at cafes, restaurant and takeaway services which fell by 0.1% apiece.

Cumulative credit card spending through the CBA's network fell 3.7% between November to early January compared to the levels of a year earlier, underscoring the risk of weakness in the December retail sales report. The estimated proportion of online retail sales to total retail sales is 6.6 percent.

In seasonally adjusted terms there were spending jumps in New South Wales (0.8 per cent), Queensland (0.4 per cent), Western Australia (0.6 per cent), the Australian Capital Territory (1.6 per cent), and Victoria (0.1 per cent). There were falls in the Northern Territory (-0.9 per cent), and Tasmania (-0.2 per cent).

Even after motor vehicles were taken out of the picture, sales were still down by 0.2 per cent.

Compared to the same period in 2017, sales of food and beverage services increased 2.4 per cent in November previous year.

In November 2017, retail sales surged 1.2 per cent - but that was partially due to the enormous fanfare over Apple's release of its 10th anniversary smartphone, the iPhone X.

The slowdown leaves annual sales growth at its lowest levels since around May 2018.

November turned out to be a solid month for retailers, as shoppers brought forward their Christmas spending. "Kathmandu's recent profit warning, suggest sales in December were weaker than in November".

Data from the Commonwealth Bank's records of its customers' credit card usage shows sales across November, December and early January were considerably down on a year ago.

Australian government bonds traded flat during Asian session Friday as investors remain sidelined in quiet trading session despite better-than-expected November retail sales data.

"Reports from retailers, e.g".

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