Retail sales have double in value during the second quarter of this year compared to the same period last year, according to the Statistics and Census Service.
Increasing 10.3 per cent quarter-on-quarter, the region’s retail sales were estimated to total around $2.58bn in the second quarter. Meanwhile, the first half of this year saw a surge of 118.4 per cent in retail sales year-on-year.
This staggering growth reflects the recovery of the industry as Macau has undergone an almost complete lockdown and has been impacted by travel restrictions during the same period last year.
The highest year-on-year increase in sales was attributed to watches, clocks and jewellery, which valued at $622M during the second quarter. Other sectors that have grown in the same period include leather goods, department stores and cosmetics and sanitary.
Sale of communication equipment, supermarkets and pharmacies however dropped by 23.5 per cent, 6 per cent and 5.4 per cent respectively.
