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The Australian Bureau of Statistics released its retail sales data on Friday. Retail sales in Australia rose 0.4% in November, in line with expectations, after a 0.6% gain in October. October's figure was revised up from a 0.5% increase.
The increase was mainly driven by higher household goods sales and department stores sales. Household goods sales were up 0.6% in November, while department stores sales increased 0.6%.
On a yearly basis, retail sales climbed 4.3% in November, after a 3.9% rise in October.
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