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Australian retail sales surge in November on iPhone, Black Friday spree
The Australian Bureau of Statistics says retail sales jumped 1.2% in Nov from Oct, when they rose 0.5%
Add BT as a preferred sourcePublished Thu, Jan 11, 2018 · 09:50 PM
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Sydney
AUSTRALIAN retail sales boasted the biggest monthly rise in four years in November as consumers splashed out on Apple iPhones and Black Friday promotions, a major boost for an economy that had been struggling with sluggish spending.
The Australian dollar jumped a third of a US cent to US$0.7874 as the surprising strength helped counter concerns consumers had lapsed into a near-permanent depression.
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