For those that don’t know, BDO operates a fast data retail index based upon same store sales at a number of their clients outlets week-on-week. Last week was a bit of a shocker:
It actually appears to be a pretty useful leading indicator for ABS retail sales with the H2 2013 stall, post election rebound and fade all apparent. So is the Budget hit and May/June 2014 sales struggle (definitely weaker than last year). This past week’s dive is, I suspect, school holiday related.
