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Retail sector to bounce back in 2024 faster than expected
Carrie LaFrenzSenior reporter
The retail sector is set to bounce back next year faster than anticipated supported by a growing population and falling interest rates, KPMG partner James Stewart says.
New forecasts from the KPMG Retail Health Index report suggest the protracted downturn is no longer tipped to stretch into 2025 and will turn positive by the end of next year, supported by higher property prices that are expected to spur consumption.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
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