Black Friday sales boost retail spending, despite cost-of-living crisis

Retail sales rose across all sectors in November, prompting fresh fear that the Reserve Bank may pause any pending interest rate cuts.

Australian retail turnover rose 0.8% for the month, according to figures released on Thursday morning by the Australian Bureau of Statistics (ABS).

All retail industries saw growth for the month, with department stores up 1.8%, clothing, footwear and personal accessory retailing increasing by 1.6%, and household goods up 0.6%.