Small retailers miss out on Xmas sales
Market watch top headlines
Small retailers have missed out on Christmas sales, with a survey showing that sales growth slowed in November and December.
The ANZ Small Business Sales Trends survey showed that while sales growth rose by 2.8 per cent year-on-year for small businesses, sales were 0.9 per cent lower in December than a year ago.
Sales growth for November and December combined slowed from prior months and was just 1.2 per cent up year on year.
Quarterly growth was boosted by very strong sales in October, with the timing of the AFL and NRL grand finals in September meaning sports fans delayed spending for a month.