Australia retail sales news: turnover lifts 0.4% in November

Australia’s retail sales report reveals turnover lifted to 0.4% in November coming in higher than forecasts

Retail sales Source: Bloomberg

According to the Australian Bureau of Statistics, Australia’s retail sales report reveals turnover lifted to 0.4% in November coming in higher than forecasts.

Economists had forecast an increase in turnover of 0.3%, the same as October.

It is predicted the figures could lead to a spike in December's report, as Christmas turnovers are expected higher.

The Australian dollar effected, challenging $0.7200 on the back of the news.

More to come..


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