On the news last night a spokesman for Australian retailers announced that Christmas spending was up 1% on last year. They had been hoping for 3%. The figures are just in, and there is a degree of variance with some up and some down. The spokesman decribed the figures as "schizophrenic" and said gloomily "it may take some time to determine who has been hardest hit by this".
I hope someone is starting a whip-round for retailers who have been gutted by this 1% rise.