Retail sales in Macau fell 8.6 percent year-on-year in the final quarter of 2020, following a 50.0 percent plunge in the previous quarter. It was the softest fall of retail sales in 2020, amid a rebound for leather goods (26.5 percent vs -53.3 percent in Q3); communication equipment (9.6 percent vs -51.0 percent); and motor vehicles (5.8 percent vs -0.3 percent). Additionally, sales decreased at a slower pace for department stores (-12.9 percent vs -56.8 percent); watches & jewelry (-15.4 percent vs -72.5 percent); and adult clothing (-22.2 percent vs -62.3 percent). On the other hand, sales slumped in supermarkets (-12.3 percent vs 0.2 percent) and for automotive fuels (-15.1 percent vs -18.2 percent). Considering full 2020, retail sales plunged 40.2 percent, following a 0.8 percent increase in the prior year. source: Statistics and Census Service, Government of Macao SAR
Retail Sales YoY in Macau averaged 12.82 percent from 2001 until 2020, reaching an all time high of 49.95 percent in the first quarter of 2008 and a record low of -61.60 percent in the second quarter of 2020. This page provides - Macao Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macau Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Retail Sales YoY in Macau is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Macau to stand at 25.00 in 12 months time. In the long-term, the Macau Retail Sales YoY is projected to trend around 10.00 percent in 2022 and 5.00 percent in 2023, according to our econometric models.