Macao'S Retail Sales Fell By 1 In The First Quarter. The Overall Situation Is More Dangerous.

Statistics and Census Bureau Information: Statistics and Census Bureau data show that retail sales in the first quarter of this year were 14 billion 730 million yuan (Macao yuan, the same below), down 11.2% year on year, and 5.8% lower than the fourth quarter sales in 2015 (15 billion 640 million yuan).

In the first quarter, sales of clocks and jewellery accounted for 20.8%, department stores accounted for 15.2%, adult clothing accounted for 13.2%, leather goods and supermarket goods accounted for 11.1% and 7.7% respectively.

In terms of changes in sales, year-on-year decreases were more pronounced in cars (-48.4%), motorcycles and spare parts (-44.3%), and communication equipment (-22.7%).

(-19.0%) and watches and jewellery (-18.3%), while Chinese food +11.1% (+11.1%), cosmetics and toiletries (+8.4%) and adult clothing (+5.6%) recorded an increase.

In the first quarter, the volume of sales decreased by 8.7% year-on-year, as well as the decline in -50.6% and motorcycles and accessories (-46.5%), while footwear (-15.1%), watches and jewellery (-12.3%) and household electrical appliances (-11.1%) also recorded a decrease.

On the other hand, sales increased year by year in cosmetics and toiletries (+8.7%), +8.4% and Chinese food.

(+8.1%).

Excluding price factors, retail sales fell by 4.1% in the first quarter, while sales of motor vehicles and motorcycles and spare parts dropped by 58.3% and 50.8%, while communications equipment (+22.9%), footwear (+18.7%) and leather goods (+11.8%) recorded an increase.

According to the views of the comprehensive retailers, 55.9% of the merchants expect sales in the second quarter of 2016 to be reduced compared with the same quarter last year. 30.8% think sales will remain stable and 13.3% increase.

At the same time, 66.7% merchants predict that the second quarter sales prices will remain at the same period last year, and that the price will fall by 23.2%, while the expected increase will account for 10.1%.

In addition, about 50.8% of the second businesses are expected to deteriorate in the second quarter than in the first quarter, indicating that 32.3% remain stable.