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Australian Retail Sales Missed Expectations, Dropping by 2.7% in December

moomooニュース ·  01/29 19:43

In December, retail sales experienced a 2.7 percent decrease from October, a steeper decline than the anticipated 1.9 percent, indicating a reduction in consumer spending leading up to the holiday season.

Australian Bureau of Statistics
Australian Bureau of Statistics

This trend suggests that consumers are increasingly shifting their end-of-year purchases to November to take advantage of Black Friday and Cyber Monday deals.

Over the course of the year, there was a modest increase in sales, with a 0.8 percent rise observed in the 12 months leading up to December.

Australian Bureau of Statistics
Australian Bureau of Statistics
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