Christmas sales hope after November slip

Original article by Patrick Commins
The Australian Financial Review – Page: 18 : 11-Jan-17

Data from the Australian Bureau of Statistics shows that retail spending in November 2016 was 0.2 per cent higher than October in seasonally-adjusted terms. Economists had expected growth of 0.4 per cent in November, after sales rose by 0.5 per cent in October. Meanwhile, economists note that anecdotal evidence suggests that retail sales improved in December.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, CAPITAL ECONOMICS LIMITED, RBC CAPITAL MARKETS, JP MORGAN AUSTRALIA LIMITED

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