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Showing 1 - 10 of 17 results for "Black Friday"

Inflation eases to 4.3%

KARREN VERGARA  |  WEDNESDAY, 10 JAN 2024
... of shopper activity, retail turnover rose 2% in seasonally adjusted terms in the month of November on the back of Black Friday sales. This equates to shoppers spending over $36.5 billion in the month. On an annual basis retail volume grew 2.2%. Cafes ...

CPI cools to 4.9%

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... rate hike in October. However, she cautioned this may be a one-off and a precursor to a November boost following Black Friday and Cyber Monday sales. "The RBA has become increasingly concerned about "homegrown" services inflation driven by consumer demand," ...

Australian CPI accelerates to 7.3%

CASSANDRA BALDINI  |  THURSDAY, 12 JAN 2023
The Consumer Price Index (CPI) rose to 7.3% in the year to November, dragging inflation back up to its 32-year high. In October inflation dipped to 6.9%, showing signs of cooling off, however the elevated rise ahead of market expectation (7.2%) paints ...

Chief economist update: Aussie Black Friday spend will end Saturday

BENJAMIN ONG  |  MONDAY, 13 JAN 2020
... September. According to Ben James, director of Quarterly Economy Wide Surveys at the ABS: "We have seen strong growth in Black Friday sales, both in areas such as electrical goods and online sales, but also in areas such as clothing and furniture... ...

China still positive despite unrest

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
... companies, it's a lot. In November, China's largest company Alibaba held its annual Singles Day event. Much like Black Friday or Boxing Day, discounts are offered site wide, while consumers are encouraged to celebrate being single by buying as much as ...

Chief economist update: Another five minutes of retail sunshine?

BENJAMIN ONG  |  FRIDAY, 6 APR 2018
... A fantastic set of numbers, don't you think. Then again, just as November 2017's monthly surge was distorted by "Black Friday and iPhone X sales..." (ABS), the February numbers could be too... by the timing of the Chinese New Year - February 16 this ...

Chief economist update: Consumers don't spend on confidence alone

BENJAMIN ONG  |  THURSDAY, 18 JAN 2018
... of course! Suddenly, it looks like there's more to where that 1.2% surge in November retail sales - put down to "Black Friday and iPhone X sales" - came from. Because household consumption accounts for around two-thirds of Australia's economy, here's ...

Chief economist update: iPhone and Black Friday sales ring up retail registers

BENJAMIN ONG  |  FRIDAY, 12 JAN 2018
... your horses. The ABS' media release explains the whys and wherefores for the sharp resurgence in retail spending, "Black Friday and iPhone X sales drive 1.2 per cent rise". "In seasonally adjusted terms, rises were led by the household goods (4.5 per ...

No big deal or not yet?

BENJAMIN ONG  |  MONDAY, 27 NOV 2017
... 'twas because of the Thanksgiving holiday or it could be that everybody and their dogs were busy gearing up for the Black Friday sale that the big drop in China's stock market last Thursday got just a little hoo-ha last week. Even the S&P/ASX 200 index ...

Market Wrap AM

AAP  |  TUESDAY, 2 DEC 2014
The Australian market looks set to open flat after Wall Street fell on poor Black Friday sales and a China manufacturing slowdown. At 0819 AEST on Tuesday, the December share price index futures contract was up 15 points at 5,227. US sales came in less ...
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