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Results of retail sales survey for 4th quarter of 2017


Information from the Statistics and Census Service (DSEC) indicated that value of retail sales for the fourth quarter of 2017 increased by 16.2% year-on-year to MOP19.08 billion and rose by 18.3% as compared with the revised figure (MOP16.12 billion) in the third quarter of 2017. Watches, Clocks & Jewellery accounted for 21.5% of the total value of retail sales, followed by Goods in Department Stores (15.0%), Adults’ Clothing (14.5%), Leather Goods (11.9%) and Goods in Supermarkets (5.7%).

Sales values of the major retail activities recorded year-on-year increases in the fourth quarter of 2017, with Communication Equipment (+31.7%), Leather Goods (+24.8%), Goods in Pharmacies (+21.0%), Adults’ Clothing (+20.6%) and Goods in Department Stores (+20.1%) showing notable growth.

After removing the effect of price changes, volume of retail sales grew by 14.8% year-on-year in the fourth quarter. Sales volumes of Communication Equipment (+40.4%), Leather Goods (+27.0%) and Goods in Department Stores (+23.2%) recorded significant increase while sales volume of Automotive Fuels (-3.6%) decreased. Volume of retail sales for the fourth quarter went up by 16.9% quarter-to-quarter, with Communication Equipment soaring by 116.1%, followed by Motor Vehicles (+38.7%) and Adults’ Clothing (+29.1%). Meanwhile, sales volumes of Automotive Fuels (-6.9%) and Goods in Supermarkets (-2.0%) decreased quarter-to-quarter.

For the whole year of 2017, total value of retail sales increased by 12.6% year-on-year to MOP 66.26 billion, of which Watches, Clocks & Jewellery (MOP 14.75 billion), Goods in Department Stores (MOP 9.88 billion) and Adults' Clothing (MOP 8.68 billion) accounted for 22.3%, 14.9% and 13.1% respectively. Among the major retail activities, notable increase was observed in the sales values of Leather Goods (+22.4%), and sales of Watches, Clocks & Jewellery (+17.0%), Cosmetics & Sanitary Articles (+16.2%) and Goods in Department Stores (+14.9%) also registered growth. In addition, sales value of Motorcycles, Parts & Accessories surged by 36.2% owing to the government’s subsidy scheme for the elimination of two-stroke motorcycles as well as the increased demand for motor vehicles after the catastrophic typhoon on 23 August 2017. Volume of retail sales in 2017 rose by 12.6% year-on-year, with marked increase in the sales volumes of Motorcycles, Parts & Accessories (+30.4%), Leather Goods (+25.1%) and Communication Equipment (+20.2%).

In respect of retailers’ comments, 42.9% of the retailers anticipated a year-on-year decrease in sales volume in the first quarter of 2018, 41.7% expected the sales volume to remain steady and 15.4% forecast an increase. Meanwhile, 59.6% of the retailers expected the retail prices to stay stable year-on-year in the first quarter of 2018, 23.2% anticipated an increase and 17.2% predicted a decrease. As compared with the fourth quarter of 2017, 42.7% of the retailers expected the business to deteriorate in the first quarter of 2018, 41.6% anticipated a stable business performance and 15.7% predicted an improvement.



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