THOSE WERE THE DAYS

2014/12/9

From：Macau Business Daily

Last year treated these industries well. Retail and wholesale registered 24 per cent and 13 per cent y-o-y growth in receipts, respectively. Amassing more than MOP100 billion. Visitor spending and domestic demand drove sales. In 2013, some 13,272 establishments operated in the sector

The retail and wholesale industries performed well last year. The two industries registered growth in receipts of 24 per cent and 13 per cent year-on-year, respectively, according to the latest data released by the Statistics and Census Service (DSEC) last Friday.
The Bureau’s survey on the two industries indicates that the total receipts of the field, including market stalls and fixed street stalls achieved MOP103.79 billion, a jump of 20 per cent year-on-year. The growth, according to DSEC, was driven by the continuous growth in visitor spending and domestic demand in 2013.
Last year, there were some 13,272 establishments in the field, of which 11,601 were wholesale and retail establishments, while some 744 others were market stalls and the remaining 927 fixed stalls on the street.

Retail industry

More than half of the total receipts of the field were from the retail industry, which gained MOP65.91 billion in receipts in 2013, compared to MOP53.31 billion in 2012.
Retail sales of jewellery goods, watches and clocks, in particular, contributed most to the industry – with receipts accounting for more than 30 per cent of the receipts of the retail industry, totalling MOP20.96 billion, a growth of 29 per cent year-on-year. According to DSEC, the jump was due to increased visitor spending and growing sales of gold jewellery led by lower gold prices last year.
In addition, retail sales in department stores registered growth of 25 per cent year-on-year, amounting to MOP11.07 billion. Although the number of adults’ stores decreased by 172 in 2013 compared to 2012, their retail sales had still jumped by 21 per cent year-on-year, totalling MOP6.4 billion.
The remaining receipts of the industry, were primarily from the sale of leather articles as well as supermarkets, whose sales reached MOP7.44 billion and MOP4.28 billion, respectively.
The growth in receipts of the retail industry may be due to the increased number of establishments. In 2013, there were a total of 6,051retail establishments, more than a half more compared to 2012. However, the number of persons engaged in the industry increased only slightly by 3 per cent year-on-year, totalling 30,910.

Wholesale industry

Meanwhile, the 4,622 wholesale establishments operating in the city last year posted total receipts of MOP28.63 billion, a growth of 13 per cent year-on-year.
The wholesale industry gained the most by trading food, beverages and tobacco. The receipts from these kinds of product reached MOP9.24 billion, an increase of 16 per cent year-on-year. Wholesale of machinery, equipment and supplies also increased year-on-year by 16 per cent, totalling MOP3.58 billion.
In fact, the wholesale of solid, liquid and gaseous fuels posted the most significant growth in the field, of which the receipts totalled nearly MOP5 billion, surging 21 per cent year-on-year. By contrast, the wholesale of other consumer goods faced a year-on-year decrease of 6 per cent, totalling MOP6.1 billion, while its number of establishments dropped by 664.
On the other hand, sales of motor vehicles and automotive fuel registered growth of 24 per cent year-on-year, reaching MOP7.66 billion according to DSEC.
Receipts from sales of motor vehicles soared 30 per cent year-on-year accounting for MOP5.16 billion of the total while the remaining MOP1.45 billion was gained form retail sales of automotive fuel, which rose 7 per cent year-on-year.
Meanwhile, the market stalls and fixed street stalls received a total of MOP1.58 billion, down 4 per cent year-on-year.

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