Retail sales in Macau surged 76.4% percent year-on-year in the first quarter of 2021, following an 8.6 percent drop in the previous quarter. It was the first increase in retail trade since the quarter ended December 2019, and the fastest since the series began in 2001, mainly driven by a surge in sales of communication equipment (203.7 percent); leather goods (152.1 percent); furniture & lighting (110.5 percent); department stores (90.1 percent); and watches, clocks & jewellery (114.2 percent). Strong sales performances were also seen in adults’ clothing (53.1 percent); dried seafood (39.8 percent); and cosmetics & sanitary articles (37.6 percent). On a quarterly basis, retail sales advanced 4.2 percent in the three months ending March 2021. source: Statistics and Census Service, Government of Macao SAR
Retail Sales YoY in Macau averaged 13.62 percent from 2001 until 2021, reaching an all time high of 76.40 percent in the first quarter of 2021 and a record low of -61.60 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 June of 2021.
Retail Sales YoY in Macau is expected to be 35.00 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 15.00 in 12 months time. In the long-term, the Macau Retail Sales YoY is projected to trend around 10.00 percent in 2022 and 5.00 percent in 2023, according to our econometric models.