Seasonally adjusted retail sales trade dropped 0.5 per cent in December, worse than economists' forecast of a 0.2 per cent decline.
However retail sales for the December quarter, as measured in constant prices, came in stronger than expected, pointing to a lift in consumption's contribution to overall economic growth in the December quarter.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
