Chep index promises weak Xmas retail

Tuesday, 28 October 2014

From Deloitte:

After a pick-up in the growth of the AFGC CHEP Retail Index earlier this year, growth has been easing in recent months. Australian Bureau of Statistics data also shows that retail sales growth (in trend, nominal terms) has slowed from a peak of 5.7% in January 2014 to 5.0% in August 2014. Although growth in retail sales remains, some of the momentum from earlier in 2014 has been lost.

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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.