KPMG Retail Health Index – March 2024

The third edition of KPMG Australia’s Retail Health Index shows an improvement in the health of the retail sector, but weak discretionary spending and consumer confidence suggests that market conditions may not recover till mid-2025.

In our last edition, the KPMG Retail Health Index (RHI) suggested a modest acceleration of trading conditions may be in play, with the overall recovery in health of the retail sector forecast to lift throughout calendar year 2024 such that a balanced outcome may be achieved by the end of the year. The latest March 2024 edition of the KPMG RHI shows a lift between the September and December quarters 2023 by 0.17 index points, moving from -1.65 to -1.48. While that is an improvement over the ...

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Authors: James Stewart, Lisa Bora,

Published Date: 11 April 2024