Business climate survey on Macao restaurants & similar establishments and retail trade for March 2020

21 May 2020

Information from the Statistics and Census Service (DSEC) indicated that the business of restaurants & similar establishments and retailers remained sluggish in March 2020. There were 97% of the interviewed restaurants & similar establishments recording a year-on-year decline in receipts in March, representing a slight decrease of 1 percentage point from February. All of the interviewed Chinese Restaurants and 98% of the Local Style Cafes, Congee & Noodle Shops showed a year-on-year drop in receipts, the same proportions as in February. The corresponding share of Japanese & Korean Restaurants (94%) fell by 6 percentage points. On the other hand, only 2% of the interviewed establishments reported a year-on-year rise in receipts in March, the same level as in February.

As regards retail trade, there were 87% of the interviewed retailers registering a year-on-year sales decrease in March, a rise of 3 percentage points over the preceding month. All of the interviewed retailers of Leather Goods, Watches, Clocks & Jewellery, Adults’ Clothing and Cosmetics & Sanitary Articles reported a year-on-year sales decline in March. The corresponding proportion of Department Stores remained at 91%, while that of Motor Vehicle Retailers dropped by 11 percentage points to 44%. Meanwhile, the share of interviewed retailers recording a year-on-year sales rise in March fell by 3 percentage points from February to 10%.

Affected by the ongoing epidemic, the interviewed restaurants & similar establishments and retailers generally held a bleak outlook for their business in April, with 56% of the interviewed restaurants & similar establishments and 62% of the retailers expecting a year-on-year decline of 50% or more in receipts. Among the interviewed establishments and retailers, there were 80% or more of the Western Restaurants, Chinese Restaurants, retailers of Leather Goods, Adults’ Clothing, Watches, Clocks & Jewellery and Cosmetics & Sanitary Articles predicting that their receipts in April would decrease by 50% or more year-on-year.

The sample of the Business Climate Survey on Restaurants & Similar Establishments and Retail Trade was selected based on the value of receipts of the establishments, comprising 186 restaurants & similar establishments (accounting for 53% of the industry’s receipts) and 135 retailers (accounting for 70% of the industry’s receipts). The Survey results were not extrapolated and only reflect the assessment of the business performance and expectations of the sample restaurants and retailers.
(Statistics and Census Service)

Government Information Bureau:
https://news.gov.mo/detail/en/N20ES7a1XK?7

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