Locals help rebooting Macau retail and restaurant activity
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Supportive measures for the Macau retail and restaurant trade resulted in a mild improvement in business during May, according to official data.
According to a Statistics and Census Service report, 17 percent of restaurants surveyed in the special administrative region recorded a year-on-year increase in revenue during the period, 12-per-cent higher than those reporting increases during the previous month.
The remaining restaurants continued to see declines in revenue during a period that continued to suffer from the heavy impact of the coronavirus pandemic.
Similarly, 16 percent of retailers questioned saw sales increases during May this year compared to the same period last year, 7 percent higher than reported year-on-year rises during April.
A quarter of restaurant businesses are now anticipating comparative upticks in revenue or steady revenues to be reflected in their June results – while 21 percent of retailers expect the same.
Questions & Answers
Q.What percentage of restaurants in Macau saw a year-on-year revenue increase in May?
What percentage of restaurants in Macau saw a year-on-year revenue increase in May?
Seventeen percent of restaurants surveyed in Macau recorded a year-on-year increase in revenue during May. This was 12 percentage points higher than the number reporting increases the previous month.
Q.Did the retail sector in Macau also experience an improvement in sales during May?
Did the retail sector in Macau also experience an improvement in sales during May?
Yes, 16 percent of retailers questioned saw sales increases during May this year compared to last year. This figure was 7 percentage points higher than the year-on-year rises reported in April.
Q.What are the expectations for June's results among Macau's retail and restaurant businesses?
What are the expectations for June's results among Macau's retail and restaurant businesses?
A quarter of restaurant businesses anticipate comparative upticks or steady revenues for June. Similarly, 21 percent of retailers expect to see the same positive results in June.