Retail sales for the first quarter of 2008 in Macau is reported to have been MOP4.55 billion — an increase of 46% compared with the same period last year.
Statistics released by the Macau Statistics and Census Service show that the retail sales of watches, clocks and jewelry accounted for the largest share of the total at 19%, followed by sales of goods in department stores with 11%. Of all products, the retail sales growth of watches, clocks and jewelry, adults' clothing, goods in department stores, goods in supermarkets, and motor vehicles were the most significant.
A survey of retailers' opinions showed that about 35% reported decreases in sales volumes in the first quarter of 2008 compared with the fourth quarter of 2007, while 65% reported that the sales volumes remained stable or increased.
In terms of retail prices, 41% reported that the prices were stable and 39% stated that the prices were on the increase.
With regard to business prospects for the second quarter of 2008, about 72% of retailers expected sales volumes to increase or remain stable compared with the first quarter. At the same time, about 90% expected the retail prices to remain stable or increase.
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