Results of wholesale and retail survey 2017

Information from the Statistics and Census Service indicated that a total of 15,062 wholesale & retail establishments, market stalls and fixed stalls on the street were operating in 2017, an increase of 596 year-on-year. Number of persons engaged rose by 2.7% to 69,684, with employees accounting for 83.5% of the total. Receipts of Wholesale & Retail Trade amounted to MOP 122.07 billion in 2017, up by 10.7% year-on-year. Expenditure grew by 8.6% to MOP 108.93 billion, of which Operating Expenses, Compensation of Employees and Purchase of Goods & Commission Paid recorded respective increases of 10.2%, 9.7% and 8.1%. Gross Surplus totalled MOP 11.75 billion, up by 24.0% year-on-year. Gross Value Added that measures the sectoral contribution to the economy went up by 16.8% to MOP 22.17 billion. Meanwhile, Gross Fixed Capital Formation fell by 24.5% year-on-year to MOP 1.94 billion, owing to a decrease in major refurbishments of retail establishments.

Wholesale establishments totalled 5,462 in 2017, up by 441 year-on-year. Receipts of Wholesale Trade increased by 8.6% to MOP 44.78 billion, of which Wholesale Agents (MOP 2.13 billion) soared by 89.5%. Meanwhile receipts from Wholesale of Food (MOP 11.78 billion) and Wholesale of Fuels (MOP 9.78 billion) went up by 6.8% and 10.7% respectively, whereas those of Wholesale of Machinery, Equipment & Supplies (MOP 6.17 billion) saw a decrease of 13.3%. Expenditure amounted to MOP 39.99 billion, up by 5.7% year-on-year, with Operating Expenses expanding by 21.4% to MOP 3.78 billion. Gross Surplus surged by 35.5% to MOP 4.77 billion, and Gross Value Added went up by 22.6% to MOP 7.66 billion; however, Gross Fixed Capital Formation totalled MOP 554 million, down by 8.6% year-on-year.

Retail establishments increased by 209 year-on-year to 7,017. Benefiting from the growth in visitor arrivals and visitors’ spending, receipts of Retail Trade rebounded by 12.4% year-on-year to MOP 70.22 billion in 2017. Receipts from Sales of Watches, Clocks & Jewellery Goods (MOP 16.42 billion), Goods in Department Stores (MOP 10.91 billion) and Leather Goods (MOP 8.04 billion) showed respective increases of 16.6%, 22.6%, and 19.8%, while those from Sales of Household Appliances (MOP 1.83 billion) dropped by 10.9%. Expenditure grew by 10.6% year-on-year to MOP 62.63 billion, with Purchase of Goods & Commission Paid (MOP 41.83 billion), Operating Expenses (MOP 13.94 billion) and Compensation of Employees (MOP 6.86 billion) rising by 11.8%, 7.0% and 10.8% respectively. Gross Surplus amounted to MOP 6.27 billion in 2017, up by 15.9% year-on-year. Gross Value Added grew by 13.2% to MOP 13.12 billion, while Gross Fixed Capital Formation of Retail Trade plunged by 30.2% to MOP 1.35 billion on account of a decrease in major refurbishments.

There were 1,007 establishments operating in Sales of Motor Vehicles & Automotive Fuel, an increase of 12 year-on-year. With a rebound in sales of automobiles and increased demand for maintenance and repair services for motor vehicles after the typhoon on 23 August, receipts went up by 8.8% year-on-year to MOP 5.47 billion in 2017. Expenditure rose by 11.7% to MOP 5.03 billion, of which Purchase of Goods & Commission Paid (MOP 3.83 billion), Compensation of Employees (MOP 630 million) and Operating Expenses (MOP 569 million) grew by 9.2%, 16.6% and 25.2% respectively. Gross Surplus surged by 24.5% to MOP 395 million, as that from Sales of Motor Vehicles (MOP 90 million) and Maintenance & Repair of Vehicles (MOP 83 million) leapt by 138.6% and 103.4% respectively. Gross Value Added totalled MOP 1.02 billion, up by 19.5% year-on-year; Gross Fixed Capital Formation expanded by 35.1% to MOP 32 million.

Number of market stalls and fixed stalls on the street totalled 1,576. Receipts of these stalls rose by 4.9% to MOP 1.60 billion whereas expenditure edged down by 0.9% to MOP 1.29 billion. Gross Surplus increased by 37.4% year-on-year to MOP 315 million, and Gross Value Added amounted to MOP 364 million, up by 31.9%.

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