The 11th edition of the AFGC CHEP Retail Index suggests retailers will face another challenging Christmas after year-on-year growth in retail sales showed a slow down and a turnaround is not expected in the remaining months of the year.
The latest edition of the AFGC CHEP Retail Index shows the recent trend in declining growth in retail sales continued through the June quarter, but predicts the rate of year-on-year growth will increase by the September quarter.
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.