Retail sales in Macau surged 86.5 percent year-on-year in the third quarter of 2021, slowing from an all-time high of 219 percent increase in the previous quarter. Sales eased at department stores (102.5 percent vs 347.4 percent in Q2) and slowed significantly for watches, clock and jewellery (215.7 percent vs 1015.8 percent); communication equipment (241.2 percent vs 498.7 percent); leather goods (181.3 percent vs 521.6 percent); Chinese food products (140 percent vs 531 percent); adult’s clothing (72.5 percent vs 220 percent); pharmacies (23.4 percent vs 63.9 percent); and cosmetics and sanitary articles (60.5 percent vs 154.3 percent). Additionally, sales declined for motor vehicles (-24 percent vs 25.6 percent); motorcycles and parts (-25.4 percent vs 7.9 percent); and automotive fuels (-7.8 percent vs 19.1 percent). On a quarterly basis, retail sales declined by 22.6 percent. source: Statistics and Census Service, Government of Macao SAR
Retail Sales YoY in Macau averaged 17.01 percent from 2001 until 2021, 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 January of 2022.
Retail Sales YoY in Macau is expected to be 25.00 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 10.00 percent in 2022 and 5.00 percent in 2023, according to our econometric models.