November retail sales put pressure on February rate rise

By Staff Reporter• Thursday, 10 Jan 2008•2 min read

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Retail sales recorded strong growth in November 2007, ABS figures released yesterday revealed.

Retail turnover hit $20.067 billion (seasonally adjusted) in November – an increase of 0.8 per cent from October and 0.3 per cent above market expectations.

Continued growth in comsumer spending increases the likelihood of a rate rise this February.

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