Results of wholesale and retail survey 2014

Information from the Statistics and Census Service indicated that Receipts of Wholesale & Retail Trade amounted to MOP 114.48 billion in 2014, up by 10.3% year-on-year. Expenditure increased by 13.1% to MOP 104.02 billion. Gross Surplus (receipts plus change in inventories minus expenditure) totalled MOP 14.22 billion, down by 1.4% year-on-year. Gross Value Added that measures the sectoral contribution to the economy rose by 5.4% to MOP 21.92 billion while Gross Fixed Capital Formation dropped by 11.7% to MOP 1.23 billion. Analysed by industry, there were 960 establishments operating in Sales of Motor Vehicles & Automotive Fuel, an increase of 32 year-on-year. Receipts decreased by 1.8% to MOP 7.53 billion, of which receipts from Sales of motor vehicles (MOP 4.65 billion) dropped by 9.8% owing to the decline in gaming revenue, while receipts from Retail sale of automotive fuel (MOP 1.55 billion) rose by 7.3% upon an increase in vehicles. Expenditure increased by 1.2% to MOP 7.44 billion. Change in inventories amounted to MOP 483 million. Gross Surplus totalled MOP 571 million, up by 35.7%. Gross Value Added grew by 19.8% year-on-year to MOP 1.06 billion. There were 4,948 Wholesale establishments, up by 326 year-on-year. Receipts increased by 27.9% to MOP 36.57 billion, of which receipts from Wholesale of food (MOP 11.21 billion), Wholesale of electrical appliances, medicine and hygiene products, etc.(MOP 6.86 billion), and Wholesale of fuels (MOP 6.54 billion) rose by 21.4%, 13.0% and 32.0% respectively. Expenditure totalled MOP 34.29 billion, up by 30.0%. Change in inventories amounted to MOP 558 million. Gross Surplus grew by 22.5% to MOP 2.83 billion. Gross Value Added went up by 23.0% to MOP 5.17 billion. There were 6,464 Retail establishments, up by 413 year-on-year. Attributable to a slowdown in visitor spending, Receipts recorded a smaller increase of 4.3% year-on-year, at MOP 68.75 billion, the first single-digit growth since 2004. Receipts from Retail sale of watches, clocks & jewellery goods (MOP 18.56 billion) fell by 11.5%, while receipts from sale of goods in department stores (MOP 11.40 billion), leather articles (MOP 8.35 billion), adults’ clothing (MOP 7.05 billion) and goods in supermarkets (MOP 4.75 billion) rose by 2.9%, 12.1%, 9.7% and 11.0% respectively. Expenditure increased by 7.0% year-on-year to MOP 60.92 billion, of which costs of purchased goods rose by 2.8% to MOP 45.69 billion (75.0% of total); moreover, operating expenses and compensation of employees went up by 22.0% and 21.3% respectively. Change in inventories amounted to MOP 2.72 billion. Gross Surplus totalled MOP 10.55 billion, down by 7.8% year-on-year. Gross Value Added dropped slightly by 0.3% to MOP 15.37 billion. As regards stalls, there were 740 market stalls and 910 fixed stalls on the street. Receipts and Expenditure of the stalls amounted to MOP 1.64 billion and MOP 1.36 billion respectively, up by 3.6% and 2.9% year-on-year. Gross Surplus increased by 7.5% to MOP 277 million. Gross Value Added rose by 7.3% to MOP 334 million. In 2014, a total of 14,022 Wholesale & Retail establishments, market stalls and fixed stalls on the street were operating, up by 750 year-on-year. Total number of persons engaged was 61,601, up by 13.2%; employees (47,717) accounted for 77.5% of the total.

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