Price growth edges lower despite reasonable economy
Insight
January 9, 2017
NAB Online Retail Sales Index: November 2016
We estimate that Australian consumers have spent around $21.4 billion over the last 12 months to November 2016
Online sales increase 1.1% in November 2016
- The NAB Online Retail Sales Index increased 1.1% (mom, s.a.) in November, much faster than the previous month(0.5%,mom, s.a.)
- Year on year growth slowed from 14.1% to 13.3%
- In dollar terms, we estimate Australians spent $21.4 billion on online retail in the 12 months to November 2016.
For further details, please see the attached document:
