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Macao's business climate stable for restaurants, retail sector in October

Source: Xinhua| 2018-12-22 14:53:30|Editor: Chengcheng
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MACAO, Dec. 22 (Xinhua) -- Macao's restaurants and retail sector reported stable business climate in October and a conservative prospect in near future, a recent survey said on Saturday.

The latest survey from the Statistics and Census Service indicated that 33 percent of the interviewed restaurants and similar establishments reported a year-on-year rise in revenue in October, up by 4 percentage points from September.

On the other hand, the share of interviewed establishments recording a year-on-year decline in revenue dropped by 5 percentage points over September to 39 percent.

In retail business, 40 percent of the interviewed retailers registered a year-on-year sales increase in October, up by 4 percentage points from September. On the other hand, 33 percent of the interviewed retailers reported a year-on-year sales decrease in October, down slightly by 1 percentage point from September.

The interviewed restaurants and similar establishments were cautious about their business prospects in November, with 33 percent of the interviewed establishments anticipating a year-on-year decline in revenue, up by 2 percentage points from October.

Meanwhile, 49 percent of the interviewed establishments expected their revenue to remain stable year-on-year, down by 2 percentage points from October.

Retailers were more conservative about their business performance in November, with 49 percent of the interviewed retailers expecting stable sales year-on-year, up by 4 percentage points from October.

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