The Macau Bureau of Statistics announced that the total retail sales for the whole year last year was 66.04 billion yuan (MOP, the same below), an increase of 23% over the same period last year. Analysed by sales, retail sales of watches and jewellery (20.46 billion yuan) and department store goods (10.39 billion yuan) accounted for 31% and 16% respectively. In 2013, the volume of retail sales increased by 24% year-on-year. The higher growth rates were communications equipment (49%), watches and jewellery (39%) and leather goods (27%).

Watch and jewelry

Excluding the price factor, retail sales in the fourth quarter of 2013 increased by 28% compared with the same period of last year, with significant growth in communications equipment (67%) and watches and jewellery (56%). In the fourth quarter, sales volume increased by 13% quarter-to-quarter, adult clothing increased by 26%, cosmetics and hygiene products (24%) and footwear (24%) increased significantly; furniture and lighting supplies and motorcycles and spare parts fell 13 % and 8%.

Compared with the same quarter last year, about 66% of the merchants indicated that the inventory in the fourth quarter of 2013 was normal, and 16% indicated that the inventory was low. Looking forward to the first quarter of 2014, about 19% of merchants expect sales of goods to increase compared with the fourth quarter, and 58% indicate that sales volume has remained stable and reduced by 23%. At the same time, 65% of merchants predict that sales prices will remain stable, up 27%, and forecast prices will fall by 8%.

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