Australian November retail sales declined by 0.1% M/M, as compared with a +0.3% gain expected, the 1st decline in 4 months. Consumers are pessimistic about the economy, jobs and house prices, reports Moody’s. Job vacancies declined by -6.9% in the 3 months to November 2012. A further interest rate cut (25bps) by the RBA is [...]...
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