Retail Sales Survey for the 2nd Quarter 2021
Source：DSEC
Most of the major retail trade activities recorded a year-on-year increase in sales value, with Watches, Clocks & Jewellery (+957.9%), Leather Goods (+504.0%) and Communication Equipment (+460.4%) showing notable year-on-year growth; yet, sales value of Supermarkets (-11.3%) dropped. Meanwhile, the sales volume indices of Watches, Clocks & Jewellery (+1,015.8%), Leather Goods (+521.6%) and Communication Equipment (+498.7%) registered significant rise, while the index of Supermarkets (-10.9%) decreased. For the first half year of 2021, the value of retail sales reached MOP39.46 billion, an uplift of 118.4% year-on-year; besides, the sales volume index jumped by 130.4%.
Value of retail sales in the second quarter of 2021 rose by 10.3% as compared with the revised figure (MOP18.76 billion) in the first quarter of 2021. Sales values of Department Stores (+26.8%) and Watches, Clocks & Jewellery (+24.6%) increased markedly, whereas sales values of Communication Equipment (-23.5%) declined. Moreover, the sales volume index grew by 9.9% quarter-to-quarter; the indices of Department Stores and Watches, Clocks & Jewellery went up by 27.4% and 26.0% year-on-year respectively, while the index of Communication Equipment fell by 22.1%.
In respect of retailers’ comments, 40.9% of the retailers expected the sales volume to stay stable year-on-year in the third quarter of 2021, 42.9% anticipated a decrease and 16.2% forecasted an increase. Meanwhile, 78.0% of the retailers predicted that the retail prices would remain steady year-on-year in the third quarter, 15.3% foresaw a decrease and only 6.7% expected an increase. As compared with the second quarter of 2021, about 44.7% of the retailers envisaged sluggish business in the third quarter, whereas retailers expecting stable performance (35.7%) and those anticipating a favourable outlook (19.6%) together accounted for 55.3% of the total.
Related Information: Retail Sales Survey for the 2nd Quarter 2021
