Macao's restaurant, retail businesses continue to grow in May

MACAO, July 18 (Xinhua) -- Restaurants and retail businesses in Macao continued to grow in May from the same period of last year, the special administrative region's (SAR) statistics service said on Tuesday.

The latest report from the Statistics and Census Service indicated that the revenue of the interviewed restaurants and similar establishments grew by 48.8 percent year on year in May.

Sales of the interviewed retailers rose by 50.6 percent year on year in May.

In comparison with April, the revenue of the interviewed restaurants and similar establishments edged down by 0.3 percent in May, whereas sales of the interviewed retailers went down by 2.8 percent.

Regarding the business expectations for June, 36 percent of the interviewed restaurants and similar establishments expected their receipts to decrease month on month. Meanwhile, about 40 percent of the interviewed retailers forecasted a month-on-month sales decline in June.