Sales down over Christmas in a subdued end to the year
Australian bargain hunters enticed by Black Friday sales push spending up in November
Australian bargain hunters enticed by Black Friday sales push spending up in November
Retail sales fell in December, as consumers brought forward their spending to take advantage of the Black Friday sales, data released yesterday reveals.
Figures from the Australian Bureau of Statistics reveal retail spending fell by -2.7 percent in December down from an increase of 1.6 percent in November. This, in turn, came after a -0.2 percent drop in October.

ABS head of retail statistics, Ben Dorber, said it was a subdued end to the year as shoppers looked to take advantage of bargains ahead of Christmas.
“This shift in spending from December to November reflects the growing popularity of Black Friday sales and the impact of cost-of-living pressures, with consumers seeking out bargains and taking advantage of discounts in November,” Mr Dorber said.
December sales fell in the discretionary spending markets with household goods taking the biggest hit, down -8.5 percent after the greatest increase the previous month. This was followed by department store spending, down -8.1 percent, and clothing, footwear and personal accessory spending at -5.7 percent.
In signs that cost of living pressures remain a concern for consumers, spending also fell in cafes, restaurants and takeaway businesses. In retail, spending began to rebound in the post Christmas sales period.
“Retailers told us that trading conditions were slow in early December following the success of Black Friday before picking up again in the lead up to Christmas and Boxing Day sales where discounting activity returned,” Mr Dorber said.
The Black Friday event originates from the US, where it falls on the day between their Thanksgiving event and the weekend at the end of November. It is now considered the biggest pre-Christmas sale event in Australia.
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