The Australian Business Briefing -December 3, 2012-.: Retail Spending, Fall in Job Ads, Company Profits Point to Rate Cut

Retail spending flat, fall in job ads, company profits point to rate cut by: Adam Creighton From: The Australian December 03, 2011 Weak retail sales mean rate cut likely A December interest rate cut is more likely after figures showed retail spending remained flat in October. Play 0:00 / 0:29 Scrubber mute Share Fullscreen AN interest rate cut tomorrow now appears more likely as new data show consumer spending remains weak while business profits fell in the three months to September. Separately, the number of job advertisements fell almost 3 per cent in November, the eighth consecutive monthly decline. The Reserve Bank of Australia is widely expected to cut the official cash rate to 3 per cent tomorrow to help boost economic activity in the non-mining parts of