Retail Sales Survey for the 2nd Quarter 2022
Source：DSEC
Among the major retail trade activities, sales values of Department Stores (-55.5%), Adults’ Clothing (-52.4%) and Watches, Clocks & Jewellery (-49.5%) showed a substantial year-on-year decline, whereas sales value of Supermarkets (+15.9%) recorded growth. Meanwhile, the sales volume indices of Department Stores (-55.3%), Adults’ Clothing (-52.7%) and Watches, Clocks & Jewellery (-48.8%) fell notably year-on-year, while the index of Supermarkets (+13.3%) increased. For the first half of 2022, value of retail sales went down by 19.7% year-on-year to MOP31.70 billion and the sales volume index dipped by 18.3%.
Value of retail sales in the second quarter of 2022 shrank by 29.2% as compared with the revised figure (MOP18.56 billion) in the first quarter. Sales values of Communication Equipment (-48.6%), Adults’ Clothing (-44.4%) and Department Stores (-41.9%) dropped markedly, whereas sales value of Automotive Fuels (+8.2%) grew. Moreover, the sales volume index fell by 30.8% quarter-to-quarter; the indices of Communication Equipment, Adults’ Clothing and Department Stores plunged by 48.5%, 45.9% and 41.5% respectively.
In respect of retailers’ comments, 69.4% of the retailers anticipated a year-on-year decrease in sales volume in the third quarter of 2022, 29.0% expected the sales volume to stay stable and only 1.6% forecasted an increase. Meanwhile, 71.8% of the retailers predicted that the retail prices would remain steady year-on-year in the third quarter, 19.3% foresaw a decrease and 8.9% expected an increase. As compared with the second quarter of 2022, about 74.5% of the retailers envisaged sluggish business in the third quarter, whereas retailers expecting stable performance (20.6%) and those anticipating a favourable outlook (4.9%) together accounted for 25.5% of the total.
