Australia November preliminary retail sales +7.0% m/m (vs +2% expected)

The preliminary data is, of course, subject to later revision. For now though, comes in at a whopping +7.0% m/m 
Further growth was the expectation given indications of high Black Friday sales, along with the reopening of retail in Melbourne (Australia’s second-largest city) after lockdown. The result is a blow out though. December should be strong

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