X

Retailers still waiting for growth as new figures show retail was up just 3% year on year.Growth in Australian retail unsteady as the latest figures show industry turnover fell slightly to $21.7bn in January-March this year with just 3% growth, according to the AFGC CHEP Retail Index

But bad news for retailers as growth is expected to ease further in 2013.

The Index forecasts retail in the month of May will rise 2.8 per cent (year on year) to $21.9 billion but will fall to 2.6% by the June quarter.

“Retail conditions have been soft through the beginning of 2013, and the Index confirms that consumer confidence remains fragile, with low interest rates yet to bring a sustained lift in the retail sector.” said Australian Food & Grocery Council (AFCG) CEO, Gary Dawson.

The Index – a lead indicator of ABS Retail Trade data indicates official retail
figures for March, due out soon, will show growth of 2.6 per cent with turnover of
$21.7 billion.

Major retailers including JB Hi-Fi and Harvey Norman reported an upturn in sales in the early months of 2013 compared to last year although remain cautious about the year ahead.

The AFGC CHEP Retail Index is  a collaborative project between the AFGC and CHEP Australia, in associaiton with Deloitte.

CUST Retention FY22 Sport WinterCodes Q3 NRL 728x90 Retail 2013: Wheres The Growth?
1 Retail 2013: Wheres The Growth?
thumbnail G415 SmartHouse 728x60 Retail 2013: Wheres The Growth?
4Square clarity ad 1 Retail 2013: Wheres The Growth?
Litheaudio 0222 728x90 1 Retail 2013: Wheres The Growth?
4SQR Logi MX keys Mini 728x90 1 Retail 2013: Wheres The Growth?
Aspire Vero Banner Intel CCF 728x90 Retail 2013: Wheres The Growth?
ARL0546 Arlo Go 2 Banner 728x90px 72dpi V2 Marina Retail 2013: Wheres The Growth?
Leaderboard 728x90 Retail 2013: Wheres The Growth?
Flick of a switch 728x90 1 Retail 2013: Wheres The Growth?


YOU MAY ALSO LIKE