Retail recovery takes a backwards step with ‘poor health’ forecast until late 2025

Higher producer prices and worsened consumer sentiment has pushed back expectations of a full recovery in the retail to end-2025, writes James Stewart, Lisa Bora, and Brendan Rynne.

The latest KPMG Australia Retail Health Index (RHI) indicates another setback for the retail sector with a full recovery unlikely to occur before the end of 2025. Between March quarter 2024 and the June quarter 2024 the KPMG RHI further fell by 0.24 index points, moving from -1.49 to -1.73. The fall was primarily driven by higher producer prices and worsened consumer sentiment. Retail volumes and consumer sentiment continues to decline, as retailers bear the brunt of Australia's two speed ...

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Authors: James Stewart, Lisa Bora,

Published Date: 13 September 2024