Retail sales growth higher than consensus

Analyst expectations of a 0.7% rise in retail sales during Black Friday month has been sharply outpaced. The November print came in at 2.6% year-on-year from 0.4% in October.

While this is a marked improvement, it is well below the 4.5% average annualised growth rate recorded during the November seasonal sales over the last four years.

Reezwana Sumad from Nedbank CIB joins Business Day TV to unpack this latest print...Retail sales growth higher than consensus