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In a clear sign the economic recovery from the COVID-19 lockdowns is underway, economists expect retailers enjoyed another buoyant sales month during October as the restrictions eased.
They predict Friday's retail trade figures from the Australian Bureau of Statistics will show spending rose by a solid two per cent in October, building on the 1.3 per cent increase in September.
The rebound in the month of September came too late to prevent sales over the September quarter slumping by a record 4.4 per cent as a result of lockdowns in NSW, Victoria and the ACT.
There are clear signs the Australian economy is rebounding after lockdowns saw spending nosedive, with the Black Friday sales providing a timely - and very large - boost (pictured, shoppers at Sydney's Pitt Street Mall)
Such weakness will be reflected in next Wednesday's national accounts for the
