Results of retail sales survey for the 3rd quarter 2016
Information from the Statistics and Census Service (DSEC) indicated that value of retail sales for the third quarter of 2016 amounted to MOP 13.57 billion, down by 7.4% year-on-year, a slowdown from the declines in the first two quarters; meanwhile, value of retail sales rose by 3.2% compared with the revised figure of MOP 13.15 billion in the second quarter of 2016. Retail sales of Watches, Clocks & Jewellery accounted for 20.0% of the total retail sales, followed by sales of Goods in Department Stores (15.1%), Adults’ Clothing (11.7%), Leather Goods (11.3%) and Goods in Supermarkets (7.7%).
In comparison with the third quarter of 2015, notable decline was observed in the retail sales of Motor Vehicles (-38.7%) and Watches, Clocks & Jewellery (-21.2%) on account of slowdown in demand; meanwhile, sales of Goods in Supermarkets (-6.6%) and Goods in Department Stores (-5.8%) also decreased. On the other hand, sales of Leather Goods (+14.7%) and Automotive Fuels (+10.5%) showed marked growth. Value of retail sales for the first three quarters of 2016 totalled MOP 41.53 billion, down by 9.4% year-on-year.
After removing the effect of price changes, volume of retail sales for the third quarter of 2016 rebounded by 3.4% quarter-to-quarter, with notable increase in sales of Motorcycles, Parts & Accessories (+31.2%), Automotive Fuels (+22.6%), Motor Vehicles (+16.3%) and Leather Goods (+12.1%); however, sales of Communication Equipment (-18.1%) and Furniture & Lighting (-18.1%) registered quarter-to-quarter decrease.
Volume of retail sales decreased by 5.9% year-on-year in the third quarter. Sales volume of Motor Vehicles (-42.2%), Motorcycles, Parts & Accessories (-39.9%) and Watches, Clocks & Jewellery (-24.6%) recorded significant decline, while that of Leather Goods (+32.0%) and Automotive Fuels (+17.6%) showed marked increase. Volume of retail sales for the first three quarters of 2016 decreased by 7.6% year-on-year.
In respect of retailers’ comments, 46.5% of the retailers anticipated that sales volume in the fourth quarter of 2016 will remain stable compared with the same quarter of 2015 while 45.1% forecasted a decrease and 8.4% expected an increase. Meanwhile, 80.0% of the retailers anticipated stable retail prices in the fourth quarter of 2016 compared to the same quarter of 2015, 14.3% expected a decrease, and 5.7% predicted an increase. Moreover, 42.0% of the retailers anticipated the business will worsen in the fourth quarter of 2016 compared with the third quarter, 32.4% expected the business to remain stable, and 25.6% expected an improvement.
Source : Statistics and Census Service