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Macao's restaurant, retail performance weakens in October 2019

(Xinhua)    08:42, January 07, 2020

MACAO, Jan. 6 (Xinhua) -- The business performance of Macao's restaurants and retailers in October 2019 was less satisfactory than that in September, and restaurants expected the business to weaken in November, the special administrative region's statistics department said here on Monday.

The latest report from the Statistics and Census Service (DSEC) indicated that there were 32 percent of the interviewed restaurants and similar establishments recording a year-on-year rise in revenue in October, a decrease of 6 percentage points from September 2019.

Meanwhile, 44 percent of the interviewed establishments reported a year-on-year decline in revenue in October, representing an 8 percentage point increase from September.

For retail trade, 40 percent of the interviewed retailers registered a year-on-year sales increase in October, a drop of 3 percentage points from September.

The proportion of interviewed retailers reporting a year-on-year decrease in sales edged up by 1 percentage point from September to 40 percent.

The interviewed restaurants and similar establishments expected their business to weaken in November, with 46 percent of them anticipating their revenue to decline year-on-year, an increase of 5 percentage points from October.

On the other hand, the proportion of interviewed establishments predicting their revenue to remain steady year-on-year rose by 2 percentage points to 44 percent.

Retailers expected a slight improvement in their business in November as compared to October, with 29 percent of the interviewed retailers forecasting their sales to increase year-on-year, a growth of 2 percentage points from October.

Meanwhile, 29 percent of the interviewed retailers foresaw a year-on-year sales decrease in November, down by 3 percentage points from October.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Shi Xi, Liang Jun)

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