The AFGC CHEP Retail Index predicts a year-on-year growth of 2.9 per cent for the December quarter.
The retail industry has been able to enjoy a brief upswing in the June quarter, according to the latest AFGC CHEP Retail Index.
The AFGC CHEP retail index forecasts that there will be a subdued growth for the retail sector in the March quarter, which is traditionally one of the slowest trading periods of the year
The AFGC CHEP Retail Index increased by a rate of 3.2 per cent year-on-year while for the June quarter as a whole, the index rose by 3.1 per cent year-on-year.
The AFGC CHEP Retail Index shows retail trade activity picking up through the June quarter of 2011 as it is moving at a faster annual real growth rate.