Cautious positive momentum returns to Australia’s retail sector

While there are signs of potential recovery and momentum, the overall outlook for the retail sector remains cautious with continued challenges and slow growth in discretionary spending.

The latest KPMG Australia Retail Health Index (RHI) indicates a step in the right direction for the health of Australia's retail sector with the RHI increasing 0.72 index points to -1.00. However, despite the improvement, the overall health of the retail sector remains in poor condition with 'healthy' retail conditions not likely to be achieved until mid-2025. Still, that is a modest acceleration from the September 2024 RHI. Key takeaways from the December 2024 RHI include: At best, the lates...

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Authors: James Stewart, Lisa Bora,

Published Date: 12 December 2024