Macau | Restaurants enjoy brisk business in March, retail experiences slight decline

A total of 59 per cent of interviewed restaurants and similar establishments surveyed by the Statistics and Census Service report a yearly increase in receipts in March, while 19 per cent record a year-on-year decline in receipts

Macau (MNA) – A total of 59 per cent of interviewed restaurants and similar establishments surveyed by the Statistics and Census Service (DESC) reported a yearly increase in receipts in March, while 19 per cent record a year-on-year decline in receipts.

The data was taken from value of receipts based on a sample of 167 restaurants (accounting for 53 per cent of the industry’s receipts) and 135 retailers (accounting for 70  per cent of receipts).

Of the restaurants surveyed, Chinese restaurants seemed to fare best, with 82 per cent reporting a higher number of receipts, the highest on record since the beginning of the survey, while the share of Japanese and Korean restaurants posting higher receipts surged 53 percentage points to 73 per cent.

The share of interviewed establishments recording a decline in receipts decreased by 16 percentage points from February to 19 per cent, while the corresponding proportion of Japanese and Korean restaurants (13 per cent) dropped by 33 percentage points.

For retail, cosmetics and sanitary article retainers (67 per cent) decreased by 33 percentage points while department stores (89 per cent) fared better, rising by 11 percentage points.

Some 15 per cent of retailers posted a year-on-year sales decline, up 8 percentage points from February.

Interviewed restaurant personnel said they expected business to weaken in April, with 17 per cent anticipating a year-on-year growth in receipts, down 6 per cent from March.

Retailers also expressed caution about their business performance in April, as those surveyed anticipated a year-on-year sales increase in April of 2 percentage points to 37 per cent.

[Edited by Sheyla Zandonai]

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