Experian Footfall measures national footfall Indices to monitor traffic at retail stores. So what did September look like?
Following on from a disappointing August in which retail sales figures fell short of expectations- only increasing +0.1 per cent on the month; September performance remained subdued.
Figures show unemployment to have stayed at 6 per cent due to a fall in the participation rate and consumer confidence fell -4.5% on the month.
However, footfall bounced back to improve +3.7 per cent Month-on-Month and +0.5 per cent Year-on-Year.
This figure may well help to ease fears that the Australian economy is still failing to gain strength despite interest rates being slashed over a year ago.
There could be further good news on the horizon for Australian retailers, as a review of the country’s retail legislation has called for deregulation of trading hours.
If successful, the move would give businesses greater opening hour flexibility and create new trading opportunities.
