Macau retail gross sales stoop
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A downturn in casino-bound vacationers is undoubtedly behind a droop in Macau retail gross sales.
Chinese language information company Xinhua studies Macau retail gross sales within the first quarter dropped by 11 per cent yr on yr.
In comparison with the earlier quarter, gross sales dropped 5 per cent.
First quarter gross sales totalled 16.41 billion patacas (US$2.05 billion), in response to the Statistics and Census Bureau.
Gross sales of watches and jewelry which accounted for 23 per cent of complete gross sales slumped 31 per cent to three.73 billion patacas. Leather-based items fell 28 per cent, items bought in department shops by 13 per cent and automobiles by 13 per cent. However gross sales of telephones rose 56 per cent, boosted by the introduction of latest fashions.
Retail gross sales measured by quantity fell three per cent in first quarter of 2015 in contrast with the final quarter of 2014. Leather-based items and meals have been the most important movers, down 14 per cent every, watches and jewelry down 13 per cent, automobiles down 12 per cent.
However telephone gross sales rose by 25 per cent.
Questions & Answers
Q.What was the total value of Macau's retail sales in the first quarter of the year?
What was the total value of Macau's retail sales in the first quarter of the year?
Macau's retail sales for the first quarter totalled 16.41 billion patacas, which is equivalent to US$2.05 billion. This figure was reported by the Statistics and Census Bureau.
Q.Which specific retail categories experienced the most significant sales declines in the first quarter?
Which specific retail categories experienced the most significant sales declines in the first quarter?
Sales of watches and jewellery saw the steepest decline, dropping by 31 per cent. Leather goods sales fell by 28 per cent, while department store items and automobiles both decreased by 13 per cent.
Q.Were there any product categories that saw an increase in sales during the first quarter?
Were there any product categories that saw an increase in sales during the first quarter?
Yes, sales of telephones experienced a significant rise, increasing by 56 per cent. This growth was attributed to the introduction of new models to the market.
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