Macau

Macau Q3 retail sales decrease by 1pc to USD1.9b

Source: 
macaubusiness.com

The value of retail sales fell to MOP15.82 billion (USD1.98 billion) in the third quarter of this year, 1 percent less than a year earlier, the government says. The Statistics and Census Service says retail sales of watches, clocks and jewellery fell by 15 percent to MOP4.11 billion, while sales of leather goods fell by 12 percent and sales of motor vehicles fell by 11 percent.

 

Macau credit cards billed in two currencies increasing

Source: 
macaubusiness.com

The number of credit cards on issue in Macau that are billed in two currencies had risen to 148,770 by the end of June, 3.4 percent more than three months earlier, official data show. The Monetary Authority of Macau says the total number of credit cards on issue rose by 3.8 percent to 796,855. 

Macau consumer confidence in economy drops in Q2

Source: 
macaubusiness.com

The confidence of Macau people in the economy waned in the second quarter of this year, the consumer confidence index falling to 112.56 points from 118.43 points in the preceding quarter. A reading above 100 indicates confidence, and a reading below indicates lack of confidence.

The index was compiled from the results of a survey which found a preponderance of confidence about employment but preponderances of uncertainty about housing and consumer prices.

Macau's gambling revenue declines for first time in more than 4 years

Source: 
Jakarta Globe

Gambling revenue in Macau fell 3.7 percent in June on an annual basis, the first decline in more than four years, with analysts saying the soccer World Cup had diverted gamblers and their hefty bets away from the world's largest casino hub.

The southern Chinese territory of Macau, a special administrative region, like neighbouring Hong Kong, is the only place in the country casino gambling is legal.

Macau consumer price inflation slows to 6pc in May

Source: 
macaubusiness.com

The annual rate of consumer price inflation fell to 6.16 percent last month, official data show. The Statistics and Census Office blames the inflation mainly on higher rents for housing and the higher cost of eating in restaurants. It attributes the slower rate to May having been an ordinary month, with no big holidays such as Easter to push up demand for goods and services and so increase inflationary pressure.

Macau's retailing business falls to USD2.29b in 1Q14

Source: 
macaubusiness.com

The value of retail sales in Macau fell to MOP18.31 billion (USD2.29 billion) in the first quarter of this year from MOP18.33 billion in the preceding quarter, official data show.

The Statistics and Census Service says sales of watches, clocks and jewellery made up 29 percent of the total, department store goods made up 17 percent, leather goods 10 percent, adult clothing 10 percent, supermarket goods 6 percent and motor vehicles 6 percent.
 

Macau urges banks to curb use of UnionPay cards to cut illegal flow

Source: 
Shanghai Daily

Macau authorities have urged banks to restrict the use of China UnionPay cards which racked up USD22.5 billion in transactions last year, a person with direct knowledge of the matter said, in a bid to curb the increasingly large amounts of money being illegally taken out of the Chinese mainland.

Macau is the world's largest gambling market, and a popular destination for mainland gamers who bet up to millions of yuan at a time.

Macau CPI up 6pc in Q1

The composite price index in Macau in March 2014 increased 6.36 percent year-on-year, which the Statistics and Census Service (DSEC) said is attributable to higher charges for eating out, rising rentals for dwellings and higher prices of vegetables.

Compared to March 2013, higher prices were noted for Housing & Fuels (+12.37 percent); Household Goods & Furnishings (+7.18 percent); and Food & Non-Alcoholic Beverages (+6.51 percent).

Retail sales in Macau jump 23pc in Q3

Source: 
macaubusiness.com

The value of retail sales was MOP15.55 billion (USD1.95 billion) the third quarter of this year, 2 percent less than in the second quarter but 23 percent more than a year earlier, according to the Statistics and Census Service.

Sales of watches, clocks and jewellery alone amounted to MOP4.49 billion (USD562.2 million), 27 percent more than a year earlier.Sales of communication equipment rose by 50 percent and sales of leather goods rose by 29 percent.

Shoppers more satisfied in Macau than in Zhuhai

Source: 
macaubusiness.com

A consumer satisfaction survey shows that respondents have given the clothes shopping experience in Macau a score of 71.2 points on of a scale of 100 points, while Zhuhai outlets got only 64 points.

 

Syndicate content