Hopes Black Friday could sustain spending growth

Black Friday sales signage
Monthly household spending figures for November will take in the pre-Christmas sales period. -AAP Image

The impact of Black Friday sales on the national economy will be laid out as part of the release of crucial spending data.

Monthly household spending figures for November will be revealed on Monday, which will take in the period where pre-Christmas sales began.

While the Australian Bureau Statistics is yet to issue official figures, December data from the Commonwealth Bank showed the sales, as well as sporting events like the Ashes and concerts by Oasis and AC/DC had prompted a rise in spending growth for the month.

Household spending had risen 1.3 per cent in October and was more than five per cent higher than the year before.

Senior economist at NAB Taylor Nugent said a 0.5 per cent rise in November was likely.

"The key focus will be whether October's broad-based lift in spending is sustained," he said.

"There is a risk of larger payback if earlier promotional discounting pulled spending forward from November."

The Black Friday sales are tipped to have an impact on discretionary sales figures but the shopping events had not contributed to inflationary pressures.

Monthly inflation data released on Wednesday saw the consumer price index drop from 3.8 per cent to 3.4 per cent in November.

"As the price falls this year were similar to last year, the Black Friday sales were not a major contributor to the change in annual CPI inflation from October to November," the bureau's head of price statistics Michelle Marquardt said.

The coming week will also see consumer sentiment data released by Westpac on Tuesday.

The index had dipped into cautiously pessimistic territory at the end of 2025, dropping nine per cent in December.

Those figures came off the back of the index reaching a net positive reading in November, the first time consumers were more upbeat than not about the economic outlook since the COVID pandemic.

The Commonwealth Bank will also release further household spending data on Thursday, which will take in December.

Investors on Wall Street have meanwhile disregarded a weaker-than-expected US jobs report in their expectation the Federal Reserve will cut interest rates this year.

The S&P 500 rallied to a record high close ‍on Friday, lifted by Broadcom and other chipmakers.

The leading company index climbed 0.65 per cent to end the session at 6,966.28 points.

The Nasdaq gained 0.82 per cent to 23,671.35 points, while the Dow Jones ​Industrial Average rose 0.48 per cent to 49,504.07 points.

Australian share futures climbed 29 points, or 0.33 per cent, to 11,025.

The S&P/ASX200 index on Friday ended three points lower at 8,717.8, a drop of 0.03 per cent, while the All Ordinaries dipped about a half-point to 9,045.9.