Retail sales in Macau slumped 61.5 percent year-on-year in the second quarter of 2020, following an upwardly revised 45.1 percent plunge in the previous quarter. It was the second straight quarter of decline in retail sales and the steepest fall on a new record, amid the coronavirus pandemic. Sales dropped more for: automotive fuels (-37.1 pct vs -29.4 pct in Q1), goods in pharmacies (-52.3 pct vs -19.7 pct); adult's clothing (-71.2 pct vs -48.2 pct); watches, clothes & jewelry (-87.3 pct vs -60.7 pct); cosmetics & sanitary articles (-65.7 pct vs -45.7 pct); goods in department stores (-71.7 pct vs -54.3 pct); leather goods (-72.8 pct vs -47.3 pct), while that of motor vehicles tumbled (-35.8 pct vs 54.60 pct). By contrast, sales of goods in supermarkets continued to rise (13.7 pct vs 11.9 pct).
Retail Sales YoY in Macau averaged 13.93 percent from 2001 until 2020, reaching an all time high of 49.95 percent in the first quarter of 2008 and a record low of -61.50 percent in the second quarter of 2020. This page provides - Macao Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macau Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.
Retail Sales YoY in Macau is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Macau to stand at 3.80 in 12 months time. In the long-term, the Macau Retail Sales YoY is projected to trend around 3.40 percent in 2021, according to our econometric models.