Retail sales in Macau dropped 0.7 percent year-on-year in the third quarter of 2019, following a downwardly revised 0.3 percent fall in the previous quarter. It was the third straight quarter decrease in retail sales, and the steepest fall since the third quarter 2016, as sales declined more for: motor vehicles (-17.1 pct vs -3.4 pct in Q2); adult's clothing (-14.8 pct vs -11.3 pct); automotive fuels (-4.2 pct vs -3.9 pct), and watches, clothes & jewelry (-9.1 pct vs -4.9 pct), while sales of goods in pharmacies went down (-1.5 pct vs 3.0 pct). In addition, sales rose softer for goods in supermarkets (1.2 pct vs 2.8 percent). On the other hand, sales increased faster for: communication (23.5 pct vs 18.1 pct); cosmetics & sanitary articles (18.3 pct vs 6.9 pct); goods in department stores (12.1 pct vs 6.5 pct), and leather goods (8.3 pct vs 5.0 pct). Retail Sales YoY in Macau averaged 15.85 percent from 2001 until 2019, reaching an all time high of 49.95 percent in the first quarter of 2008 and a record low of -8.50 percent in the second quarter of 2015.

Retail Sales YoY in Macau is expected to be 2.90 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 3.20 in 12 months time. In the long-term, the Macau Retail Sales YoY is projected to trend around 3.40 percent in 2020, according to our econometric models.

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Macau Retail Sales YoY
Calendar GMT Actual Previous Consensus TEForecast
2019-02-27 08:30 AM Retail Sales YoY Q4 2.3% 10.8% 16.3%
2019-05-24 03:45 AM Retail Sales YoY Q1 -2.1% 2.3% -6%
2019-08-23 07:45 AM Retail Sales YoY Q2 -0.5% -1.7% -8%
2019-11-25 03:20 AM Retail Sales YoY Q3 -0.7% -0.3% -1.5%
2020-02-27 08:30 AM Retail Sales YoY Q4
2020-05-24 03:45 AM Retail Sales YoY Q1
2020-08-23 07:45 AM Retail Sales YoY Q2

Macau Consumer Last Previous Highest Lowest Unit
Retail Sales MoM 1.30 -13.00 20.38 -14.20 percent [+]
Retail Sales YoY -0.70 -0.30 49.95 -8.50 percent [+]
Consumer Spending 26198.00 26401.00 26401.00 10394.00 MOP THO [+]
Private Sector Credit 523159.50 515022.60 523159.50 33194.30 MOP Million [+]

Macau Retail Sales YoY

In Macau, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago. The biggest segments are household appliances (21 percent of total sales); watches, clocks and jewelry (20 percent); goods in department stores (15.1 percent); adults' clothing (11.7 percent); leather goods (11.3 percent); cosmetics and sanitary articles; goods in pharmacies (7.9 percent); goods in supermarkets (7.7 percent) and motor vehicles and automotive fuels (6.2 percent). This page provides - Macao Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macau Retail Sales YoY - actual data, historical chart and calendar of releases - was last updated on December of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.70 -0.30 49.95 -8.50 2001 - 2019 percent Quarterly