Retail sales in Macau rose 1.9 percent year-on-year in the first quarter of 2022, easing from a 4.6 percent rise in the previous quarter. It was the slowest growth in retail activity since the first quarter of 2021 as sales eased significantly at supermarkets (4.8 percent vs 17.9 percent in Q4 of 2021). Meanwhile, retail activity fell sharply at department stores (-2.8 percent vs 2.6 percent) particularly for watches, clock and jewellery (-1.3 percent vs 7.9 percent); communication equipment (15.3 percent vs 19.5 percent); and pharmacies (-0.6 percent vs 5.3 percent). Also, sales continued to fall for adult’s clothing (-11.9 percent vs -12.6 percent), cosmetics and sanitary articles (-11.3 percent vs -1.8 percent); motor vehicles (-27.2 percent vs -16.5 percent) and automotive fuels (-16.2 percent vs -15.1 percent). On a quarterly basis, retail sales went up by 0.7 percent. source: Statistics and Census Service, Government of Macao SAR
Retail Sales YoY in Macau averaged 16.68 percent from 2001 until 2022, reaching an all time high of 218.96 percent in the second 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 August of 2022.
Retail Sales YoY in Macau is expected to be 15.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macau Retail Sales YoY is projected to trend around 5.00 percent in 2023, according to our econometric models.