Results of retail sales survey for 2nd quarter of 2018


Information from the Statistics and Census Service (DSEC) indicated that the value of retail sales for the second quarter of 2018 increased by 23.7% year-on-year to MOP18.01 billion, yet fell by 13.4% as compared with the revised figure (MOP20.79 billion) in the first quarter of 2018. Watches, Clocks & Jewellery accounted for 21.1% of the total retail sales, followed by Goods in Department Stores (15.8%), Leather Goods (13.4%) and Adults' Clothing (12.4%).

Among the major retail activities, sales value of Communication Equipment (+65.3%), Leather Goods (+36.9%), Goods in Department Stores (+34.2%), Adults' Clothing (+26.7%) and Motor Vehicles (+24.7%) registered notable year-on-year increases in the second quarter. Value of retail sales for the first half year of 2018 totalled MOP38.79 billion, up by 24.9% year-on-year.

After removing the effect of price changes, volume of retail sales increased by 21.3% year-on-year in the second quarter of 2018. Significant growth was observed in the sales volume of Communication Equipment (+70.0%), Leather Goods (+36.3%), Goods in Department Stores (+29.3%) and Motor Vehicles (+22.7%). Volume of retail sales for the first half year of 2018 went up by 22.4% year-on-year.

In comparison with the previous quarter, sales value of Communication Equipment (-43.2%), Adults’ Clothing (-23.2%), Cosmetics & Sanitary Articles (-15.7%) and Watches, Clocks & Jewellery (-13.4%) decreased at varying rates in the second quarter of 2018, while sales value of Automotive Fuels (+12.6%) increased. Meanwhile, volume of retail sales dropped by 14.2% quarter-to-quarter, of which sales volume of Communication Equipment (-42.5%) and Adults’ Clothing (-25.0%) showed notable decline, while that of Automotive Fuels (+8.0%) recorded growth.

In respect of retailers’ comments, 56.5% of the retailers expected the sales volume in the third quarter of 2018 to be stable year-on-year, 35.3% forecasted a decrease and 8.2% anticipated an increase. Meanwhile, 81.0% of the retailers expected the retail prices to remain steady year-on-year in the third quarter of 2018, 10.1% predicted a decline and 8.9% foresaw growth. As compared with the second quarter of 2018, 46.6% of the retailers anticipated a stable business performance in the third quarter of 2018, 36.0% expected the business to worsen and 17.4% foresaw an improvement.



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