Australian shoppers spends $37b last christmas

Last Christmas, Australian shoppers splurged $37 billion according to a top Retailers Association Executive. Australian consumers took advantage of the cheaper oil, low interest rates with the help of Christmas bonuses they received.


The retail sales trend series increased 0.1% in November from October, when it advanced by 0.2%, the Bureau of Statistics said in Sydney on Jan. 7.

Australia's economy expanded at the weakest pace in eight years in the three months through September as spending by households stalled. Consumer spending accounts for about 60% of the economy.

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