Australian retail sales drenched by cost-of-living, dip 2.7% in December

By Yajush Gupta · 31 January 2024 · News

Australian retail sales drenched by cost-of-living, dip 2.7% in December

Australian Retail Sales Take a Shocking Hit

Australian consumers' festive spending spree may have been the last hurrah before a harsh reality sets in. Find out what's behind the sudden 2.7% dip in December retail sales.

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Summary

Australian retail data indicates that consumers accelerated their Christmas spending during November's Black Friday sales.