Results of the Retail Sales Survey for the 2nd Quarter of 2005

Information from the Statistics and Census Service shows that value of total retail sales was estimated at MOP2.11 billion in the second quarter of 2005. The largest share was in the sales of motor vehicles (15%); followed by sales of goods in department stores (14%) and in supermarkets (11%); watches, clocks and jewellery (10%); adults' clothing (7%); automotive fuels (6%); fuels for household use (5%) and household electric appliances (4%). In this quarter, value of retail sales rose by 17% compared with MOP1.8 billion recorded in the second quarter of 2004, with marked increases in the sales of goods in department stores, adults' clothing, automotive fuels, fuels for household use and sales of goods in supermarkets. In comparison with the first quarter of 2005, value of retail sales in this quarter fell slightly by 1%. In the first half of 2005, value of total retail sales amounted to MOP4.25 billion, up by 19% over the same period of 2004. A comparison of the retailers’ opinions indicated that about 63% reported decrease in the sales volume in the second quarter of 2005, up by 12 percentage points over the previous quarter, while 37% reported constant or increase in sales volume. In terms of retail prices, about 66% and 9% reported constant and increase in retail prices whereas 25% reported decrease. Compared with the same quarter of 2004, about 69% of the retailers said that the stock level was normal in the second quarter of 2005, about 22% indicated that the stock level was low. Regarding the prospect for the third quarter of 2005, about 63% of the retailers predicted increase or constant in sales volume compared with the second quarter, 37% predicted decrease. Meanwhile, about 76% forecasted constant or increase in retail prices, while 24% forecasted decrease.

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