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Boxing Day

Boxing Day in Australia, observed on December 26th, is a significant retail event marked by major sales and discounts, similar to Black Friday in the United States. It measures consumer spending and retail performance, providing insights into economic health and consumer confidence. The event is important for the economy as it boosts retail sales and can influence financial markets by affecting retail stocks and consumer sentiment. Its impact is closely watched as an indicator of economic trends and consumer behavior during the holiday season.