BDO fast retail index firms

Tuesday 22 July 2014

With the solid bounce in Roy Morgan consumer confidence over the past two weeks, I thought I’d take a look at the BDO fast retail index, which tracks same store sales week-on-week. Here’s the headline index showing an slightly positive ongoing struggle for momentum

Fashion especially appears to be struggling:

Other too:

But furniture and homewares are riding the bubble to post-Budget recovery:

And so too recreational goods:

You might describe that a positive a non-discretionary rebound.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.