• Sort by

  • Industry

Toggle intro on/off

Quarterly update: Retail sales forecasts for FY24e

The low point is near

23 October 2023

We have updated our retail sales forecasts, which are modestly higher over the next two years. We forecast FY24e retail sales growth of 1.7% (previously 1.5%). We estimate FY25e retail sales will rise 3.1% (previously 2.5%). We expect the worst of the deceleration in sales will be over by December 2023. The normalisation of volumes after excess growth during COVID-19 has played out. Households have handled the steepest period of interest rate increases by dipping into excess savings. Housing indicators are starting to improve and we have tax cuts on the horizon to support a mild recovery in sales growth for FY25e.

Search result for "" — 330 articles found

Not already a member?
Join now to get all the latest reports in full and stay informed.

Get started