Macau’s business climate was mixed in June, as restaurants seemed to fare better but retailers reported revenue decline. According to the latest survey, both sectors anticipated a general business improvement in July, the Statistics and Census Service said.
The latest survey indicates that 39% of the interviewed restaurants reported a year-on- year rise in revenue in June, up by 7 percentage points from May.
On the other hand, 27% of the interviewed restaurants recorded a year-on-year decline in revenue in June, the same proportion as in May.
As for the retail trade, 38% of the interviewed retailers registered a year-on-year sales increase in June, a growth of 3 percentage points from the preceding month. By contrast, the proportion of interviewed retailers reporting a year-on- year decline in sales grew by 2 percentage points from May to 45%.
The Statistics and Census Service report added that the interviewed restaurants expected a slight improvement in their business in the summer holidays, with 73% of them anticipating a year-on-year rise in revenue or steady performance in July. The proportion of establishments foreseeing a year- on-year decline in receipts fell to 27%.
Retailers also expected their sales to stabilize in July, with 68% of them anticipating their sales to increase year-on-year or remain steady, a 4 percentage point rise from June. DB
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