Australian Retail Sales Dip
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Cyber Monday promotionsReuters
•World
World
Australia shoppers lured by discounts, shore up economy in 4Q

79% Informative
Australian retail sales dipped in December as pay back for Black Friday splurge.
But discounting helped shoppers make a contribution to economic growth over the whole fourth quarter .
Fourth quarter sales rose a real 1.0% to A$105.8 billion ( $64.93 billion ), topping forecasts of a 0.8% gain.
The Reserve Bank of Australia is expected to deliver its first rate cut in four years .
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