Australia November 2022 retail sales data: +1.4% m/m (prior +0.4%)

Retail Trade, Australia in November 2022.

+1.4% m/m (best m/m since January 2022)

• prior revised to +0.4% (from -0.2%)

+7.7% y/y

• prior was +12.5%

Black Friday sales a strong contributor to the solid November result. There may well be seasonal adjustment issues re this, such sales are still a fairly new phenomenon in Australia and the stats people appear to be still coming to grips with it.

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Also out from Australia was:

• Australian data - Job vacancies for November 2022 -4.9% q/q (prior -2.1%)

But the focus was:

• Australia Monthly Consumer Price Index indicator, November 2022: 7.3% y/y (prior 6.9%)

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AUD had a pop on the CPI jump, but not a big range at all for the day: