Australian retail sector health shows upward trajectory continues

KPMG’s indicator of the health of Australia’s retail sector continues to trend towards the light, though retailers are not out of the woods.

The latest KPMG Retail Health Index (RHI) shows promising growth, driven by reduced wage pressures and boosted consumer confidence following the first RBA cash rate cut in over four years. The RHI rose by 0.57 points, from -0.87 in Q3 2024 to -0.3 in Q4 2024, driven by the lowest wage growth since 2022, reflecting the next step towards a positive retail sector and possible move towards positive territory in Q2 2025. Our latest forecasts suggest a gradual reduction of short-term challenges, ...

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Authors: James Stewart, Toni Jones,

Published Date: 20 March 2025