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Retail Sales and Inflation
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Australia's Economic Slowdown in Q3
Cautious Holiday Outlook for Retailers
Cautious Holiday Shopping Outlook
Australia's Business Investment Thrives
Australia's Retail Sales Surge and Credi...
Australia's Retail Sales Surge on Black ...
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Australian retail sales unexpectedly fell in October, while UK shops experienced a significant drop in inflation. Consumers in Australia held off for Black Friday sales, indicating a slowdown in consumer spending. The Reserve Bank of Australia is expected to hold steady next month, but there is a 60% probability of raising rates early next year. In the UK, retailers are trying to attract shoppers ahead of the holiday period, but higher taxes and an increase in the minimum wage are pushing up costs, raising concerns about the impact of the Bank of England's restrictive monetary policy on economic activity.
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How might the potential rate hikes by the Reserve Bank of Australia in early 2024 affect consumer spending and economic activity in Australia?
How might the shift in consumer behavior during Black Friday sales impact the overall retail industry in Australia?
What strategies could retailers in the UK employ to counteract the impact of higher taxes and an increase in the minimum wage on their businesses?
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