Black Friday sales a ‘relatively new phenomena’ for economists

Retail gross sales rebounded sharply in November, spurred by a burst of spending round Black Friday gross sales.

Customers are believed to be searching for reductions in response to cost-of-living pressures.

Judo Financial institution Financial Advisor Warren Hogan mentioned Black Friday gross sales are a “comparatively new phenomena”.

Mr Hogan informed Sky Information Australia that almost all economists wish to see the December retail figures to know spending tendencies.

“As we’ve seen in recent times, a robust November is commonly adopted by a really weak December.”