MACAO, May 25 (Xinhua) -- The value of retail sales in Macao for the first quarter of 2020 fell by 45.1 percent year-on-year to 11.24 billion patacas (about 1.41 billion U.S. dollars), and the sales volume index dropped by 44.8 percent, the special administrative region's statistics service said here on Monday.
The latest report from the Statistics and Census Service (DSEC) showed that as compared to the first quarter of 2019, sales values of watches and jewelry, department stores, adults' clothing, and leather goods declined by 57.5 percent, 56.4 percent, 52.9 percent and 51.0 percent, whereas that of supermarkets increased by 14.0 percent.
The value of retail sales in the first quarter of 2020 dropped by 45.8 percent as compared with the revised value in the fourth quarter of 2019. Sales values of watches and jewelry, department stores, and cosmetics and sanitary articles recorded decreases of 57.5 percent, 54.5 percent and 54.0 percent, whereas sales value of supermarkets increased by 10.2 percent.
As for the business expectation, 80.5 percent of the retailers anticipated a year-on-year decrease in sales volume in the second quarter of 2020, 13.3 percent expected the sales volume to stay stable and 6.2 percent forecasted an increase.
Meanwhile, 68.1 percent of the retailers anticipated the retail prices will remain steady year-on-year in the second quarter, 27.0 percent foresaw a decrease and 4.9 percent expected an increase.
As compared with the first quarter of 2020, about 52.9 percent of the retailers envisaged sluggish business in the second quarter, whereas retailers expecting stable performance and those anticipating a favourable outlook accounted for 23.9 percent and 23.2 percent respectively.
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