Retail sales in Macau surged 5.7 percent year-on-year in the fourth quarter of 2019, following a downwardly revised 0.5 percent fall in the previous quarter. It was the first quarter increase in retail sales since the fourth quarter 2018, as sales rebounded for: automotive fuels (2.4 pct vs -4.2 pct in Q3), goods in pharmacies (10.4 pct vs -1.5 pct) while those of goods in supermarkets (12.2 pct vs 1.2 percent) and leather goods (22.3 pct vs 8.3 pct) rose faster. In addition, sales fell less for: motor vehicles (-13.5 pct vs -17.1 pct); adult's clothing (-2.9 pct vs -14.8 pct); and watches, clothes & jewelry (-2.9 pct vs -9.1 pct). Meanwhile, sales continued to rise for: communication (2.9 pct vs 23.5 pct); cosmetics & sanitary articles (10.1 pct vs 18.3 pct); goods in department stores (10.4 pct vs 12.1 pct).For 2019 full year, retail sales grew by 0.8 percent year-on-year.
Retail Sales YoY in Macau averaged 15.71 percent from 2001 until 2019, reaching an all time high of 49.95 percent in the first quarter of 2008 and a record low of -8.50 percent in the second quarter of 2015. 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 2020.
Retail Sales YoY in Macau is expected to be 3.60 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 3.80 in 12 months time. In the long-term, the Macau Retail Sales YoY is projected to trend around 3.40 percent in 2021, according to our econometric models.