Results of the Industrial Survey 2008

Information from the Statistics and Census Service (DSEC) indicated that total Value of Production & Other Receipts of Macao registered continuous decline in 2008, down by 13.2% year-on-year to MOP14.31 billion; Gross Value Added that measures the sectoral contribution to the economy amounted to MOP3.56 billion, a decrease of 10.6%; Intermediate Consumption fell by 14.0% to MOP10.75 billion, whereas Gross Fixed Capital Formation increased by 125.0% to MOP1.47 billion. In 2008, there were 1,045 establishments operating in industrial production, a decrease of 70 over 2007; total number of persons engaged dropped by 15.5% to 24,901. In 2008, the principal indicators of the Manufacturing sector saw year-on-year decrease on account of shrinking domestic exports upon weakening external demand amidst the global financial crisis. Value of Production & Other Receipts of the Manufacturing sector decreased by 17.7% over 2007 to MOP11.40 billion, attributable to the decline of those of the Manufacturing of Wearing Apparel and Textiles that dropped by 19.9% and 14.4% to MOP6.15 billion and MOP1.64 billion respectively. Gross Value Added of the Manufacturing sector fell by 22.3% to MOP2.12 billion, while Intermediate Consumption and Gross Fixed Capital Formation went down by 16.6% and 83.6% respectively. On the contrary, with increasing consumption of electricity and introduction of natural gas in electricity generation, Value of Production & Other Receipts of Electricity, Gas & Water Supply increased by 10.7% over 2007 to MOP2.90 billion, and Gross Value Added rose by 15.6% to MOP1.43 billion; Intermediate Consumption registered an increase of 6.3% to MOP1.47 billion. Upon a completed renovation of the electricity distribution network and the operation of a new natural gas supply company, Gross Fixed Capital Formation of the Electricity, Gas & Water Supply sector rose significantly by 325.4% to MOP1.42 billion.

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