Macau Retail Sales Surge In Q3

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Retail sales value in Macau grew 17% year-on-year to MOP 5.56 billion in the third quarter, the Statistics and Census Service reported on Thursday. This was mainly due to increased sales of watches, clocks & jewellery, goods in department stores, adults' clothing, and goods in supermarkets, the statistical office said. Compared to the second quarter, retail sales value gained 8%.

In volume terms, retail sales increased 14.8% annually in the third quarter. This was driven by increased sales of watches, clocks & jewellery and goods in department stores. On a quarterly basis, retail sales were up 7.6%.

In the first nine months of the year, the cumulative value of retail sales totaled MOP 15.69 billion, up 13% from a year ago.

Retail sales value in Macau grew 17% year-on-year to MOP 5.56 billion in the third quarter, the Statistics and Census Service reported on Thursday. This was mainly due to increased sales of watches, clocks & jewellery, goods in department stores, adults' clothing, and goods in supermarkets, the statistical office said. Compared to the second quarter, retail sales value gained 8%. (Market News Provided by RTTNews)