Macau retail sales are on the rise with businesses reporting increased turnover year-on-year.
Data from the Statistics and Census Service (DSEC) shows 68 per cent of interviewed restaurants and similar establishments registered a year-on-year rise in receipts or a stable business performance in October, a six percentage point rise from September.
And the proportion of interviewed retailers reporting a year-on-year sales increase in October rose by eight percentage points from September to 59 per cent.
The best performing retail categories were cosmetics, with 78 per cent of retailers reporting an improvement, leather goods, (80 per cent), and apparel, (60 per cent).
Some 21 per cent of interviewed retailers registered a year-on-year sales decline, down by three percentage points over September. Of department stores, 11 per cent reported a decline and 22 per cent of watch and jewellery vendors.
Generally, retailers expected their sales to be stable in November, with 77 per cent predicting a year-on-year sales increase or a steady business performance, the same proportion as in October.
Dining out data
The proportion of western restaurants (25 per cent) reporting a year-on-year growth in receipts went up by nine percentage points, while that of Japanese & Korean Restaurants (44 per cent) was down by 13 percentage points. On the other hand, the share of establishments recording a year-on-year decline in receipts decreased by six percentage points over September to 32 per cent.
Restaurants and similar establishments interviewed were cautious about their business prospects, with 68 per cent expecting a year-on-year rise in receipts or a steady performance in November, up by four percentage points from October. Among the various types of establishments, 50 per cent of the western restaurants and 73 per cent of the Chinese restaurants predicted their receipts to increase or to remain stable in November, up by 10 and three percentage points respectively from October.
The DSEC says the sample of the Business Climate Survey on Restaurants & Similar Establishments and Retail Trade was selected based on the value of receipts of the establishments, comprising 167 restaurants and similar establishments (accounting for 53 per cent of the industry’s receipts) and 135 retailers (accounting for 70 per cent of the industry’s receipts).
