Household Spending Rises in November, Driven by Black Friday Sales

The most notable contributor to the increase was the rise in recreation and culture, largely driven by the release of films such as Moana 2 and Gladiator II. Household spending in Australia saw a modest rise of 0.4 percent in November, following a stronger 0.9 percent increase in October, according to seasonal figures released by the Australian Bureau of Statistics (ABS). While September had seen a slight dip of 0.2 percent, November’s growth was driven by significant retail activity, including the Black Friday sales, which boosted spending in sectors like...