CHEP re­tail in­dex shows mod­est gains in the off­ing

Australian Transport News - - News -

Transport and lo­gis­tics op­er­a­tions ex­posed to the re­tail sec­tor have re­ceived some good news in the lat­est AFGC CHEP Re­tail In­dex.

Such com­pa­nies can ex­pect more busi­ness in the com­ing months, as the In­dex, a col­lab­o­ra­tive project be­tween the Aus­tralian Food and Gro­cery Coun­cil (AFGC) and CHEP Aus­tralia, pro­duced by Deloitte, in­di­cates strength­en­ing re­tail spend­ing.

It pre­dicts year-on-year growth in Aus­tralian re­tail turnover of 4.6 per cent for the month of June 2017 and 3.6 per cent year-on-year for the June quar­ter – which is up from a year-on-year rise of 2.6 per cent to March 2017.

Ac­cord­ing to the re­port, this is pro­jected to con­tinue with year-on-year growth gures for the months of Au­gust at 4.2 per cent and Septem­ber at 4.1 per cent re­spec­tively.

China and do­mes­tic eco­nomic re­cov­ery along with lo­cal em­ploy­ment growth were seen as sup­port­ing the pos­i­tive trend.

Of the cat­e­gories, the In­dex re­ports food re­tail spend­ing pick­ing up, lling part of the gap left by weak­ened growth in non-food re­tail­ing.

Mean­while, com­pet­i­tive risks, specically growth of in­ter­na­tional and on­line re­tail­ing, are ex­pected to im­pact most re­tail cat­e­gories.

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