Retail sales beat forecasts

Australian retail sales rose in November.

Australian retail sales rose in November more than analysts expected, according to data from the Australian Bureau of Statistics.

Official data showed retail spending lifted 0.7 per cent to a seasonally adjusted $22.46 billion in the month.

The reading follows a 0.5 per cent lift to a seasonally adjusted $22.28 billion in October.

Bloomberg economists were expecting the data to show a lift of 0.4 per cent.