-
- -
-
Restaurants & Similar Establishments
Table 1: Restaurants' perceptions of year-on-year changes in receipts for July and August 2019 %
•
Forecast and Actual Business Performance
•
Table 2: Comparison of forecast and actual business performance for August 2019 %
www.dsec.gov.mo 2019.10
The business performance of restaurants & similar establishments remained subdued as the proportion of interviewed establishments recording a year-on-year decline in receipts rose by 7 percentage points from July to 38% in August. Meanwhile, 33% of the interviewed establishments registered a year-on-year rise in receipts in August, a decrease of approximately 1 percentage point from July.
As regards retail trade, the proportion of interviewed retailers reporting a year-on-year decrease in sales rose by 5 percentage points from July to 40%. Meanwhile, 40% of the interviewed retailers registered a year-on-year sales increase in August, a growth of 3 percentage points from the preceding month.
The interviewed restaurants & similar establishments expected their business outlook to remain unfavourable as the proportion of interviewed establishments anticipating a year-on-year decline in receipts rose by 18 percentage points from August to 45% in September. On the other hand, the proportion of interviewed establishments forecasting a year-on-year growth in receipts reduced by 2 percentage points from August to 18% in September.
Among the interviewed restaurants & similar establishments, 33%
registered a year-on-year rise in receipts in August, higher than expected by 13 percentage points. The corresponding proportions of Western Restaurants (50%) and Local Style Cafes, Congee & Noodle Shops (35%) exceeded the forecast by 29 percentage points and 14 percentage points respectively. On the other hand, 38% of the interviewed establishments recorded a year-on-year decrease in receipts, 11 percentage points higher than anticipated (Table 2).
Retailers were cautiously optimistic about their business prospects in September, with 65% of the interviewed retailers anticipating their sales to increase year-on- year or remain steady, a 2 percentage point growth from August. Meanwhile, the proportion of interviewed retailers predicting a year-on-year sales decline in September decreased from 38% to 35%.
Local Style Cafe, Congee & Noodle Shop
17.6 Aug.
BUSINESS CLIMATE SURVEY
RESTAURANTS & SIMILAR ESTABLISHMENTS AND RETAIL TRADE AUGUST 2019
35.2 15.4
50.0
32.7 20.4
31.4 30.4
Jul. Aug.
Stable
3.9 Decrease
< 20% ≧ 20%
Aug.
21.7
-6.8 42.1
26.1
30.0
29.4 -26.5
52.2
26.9
8.9 55.9
31.4
22.1 19.2
44.1 32.4
Actual
24.1 Difference
(p.p.)
Year-on-year Decrease Difference
(p.p.) Actual
26.9
46.2 Forecast
37.8 Restaurants' perceptions of year-on-year changes in receipts
23.5 8.8
35.3 11.8
24.2
21.1
20.0 26.3
46.2 42.6 22.2
47.4 30.0
Restaurants & Similar Establishments
32.4
≧ 20%
Japanese & Korean 30.4 Restaurant
39.1
21.2 8.7
26.1
Subtotal
- 20.6 Aug.
Local Style Cafe, Congee &
Noodle Shop
Jul.
31.3 Aug.
37.8 25.0
35.2
9.8 Chinese Restaurant
32.8 33.5
3.8 36.5
Jul.
39.1 4.3
29.4
Aug.
15.4 5.3 10.0 10.6 13.0
33.3 42.3 30.4
30.8 27.2
20.0 29.6
1.9 27.5
Jul.
7.1 Jul.
25.5
53.3 57.4 13.0
Stable
-23.9 Increase
Subtotal < 20%
35.3
30.4 25.0
13.5 26.3
Jul. Aug.
Jul.
24.7
26.3 25.0
28.8
12.2 8.8 14.8
26.5
Year-on-year Increase Difference
(p.p.) Actual
In August, the proportions of Local Style Cafes, Congee & Noodle Shops (31%) and Chinese Restaurants (46%) showing a year-on-year decline in receipts increased by 10 percentage points and 4 percentage points respectively from July (Table 1).
32.8 18.5
Forecast
28.8
17.6 17.6
Forecast 19.8
4.3 14.1
21.2
30.4 8.7
51.9
17.6
35.3
13.0 26.1
33.3 -18.6
44.1
10.9
17.4 4.3
32.4 29.4
30.4
Alameda Dr. Carlos d' Assumpção, No. 411-417, Dynasty Plaza, 17th floor, Macao Tel: (853) 8399 5311 Fax: (853) 2830 7825 E-mail: info@dsec.gov.mo Official Statistics. Reproduction of these data is allowed provided the source is quoted.
21.7
Others 26.5 26.5
Western Restaurant 50.0 28.9
4.5 Japanese & Korean Restaurant
14.7 Western Restaurant
-22.1 36.8
20.0
-13.1 39.1
21.1
Chinese Restaurant 10.3
29.4 Others
Restaurants & Similar Establishments
-32.4 25.0
8.8
51.7%
29.0%
33.3% 35.9% 35.9%
48.1%
33.9%
29.7% 27.9% 31.9%
39.0%
33.5% 32.8%
30.5%
44.4%
39.1%
29.9% 32.6%
21.6%
33.3%
36.3% 35.0%
26.9% 26.9%
31.3%
37.8%
60%
40%
20%
0%
20%
40%
60%
Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug.
Government of Macao Special Administrative Region Statistics and Census Service
統 計 暨 普 查 局
Increase Decrease
2018 2019
Business Prospects for Next Month
•
Table 3: Restaurants' expectations for receipts for August and September 2019 %
Retail Trade
Table 4: Retailers' perceptions of year-on-year changes in sales for July and August 2019 %
•
Forecast and Actual Business Performance
•
2 Business Climate Survey on Restaurants & Similar Establishments and Retail Trade August 2019
19.6About 48% of the Japanese & Korean Restaurants, 47% of the Local Style Cafes, Congee & Noodle Shops and 55% of the Western Restaurants predicted a year-on-year decrease in receipts in September, up by 22 percentage points, 20 percentage points and 18 percentage points respectively from August (Table 3).
Among the interviewed retailers, 40% showed a year-on-year sales rise in August, higher than expected by 23 percentage points. All of the Leather Goods Retailers reported a year-on-year sales growth, with the proportion surpassing the forecast significantly by 80 percentage points.
Meanwhile, all of the interviewed Watches, Clocks & Jewellery Retailers predicted a year-on-year sales decrease or steady performance in August, yet it turned out that 28% of them registered increase. On the other hand, 40% of the interviewed retailers reported a year-on-year sales drop in August, 3 percentage points higher than anticipated. The corresponding proportions of Adults' Clothing Retailers (60%) and Motor Vehicle Retailers (80%) outstripped the forecast by 35 percentage points and 30 percentage points respectively (Table 5).
36.4 11.1
11.1 - - -
50.0 25.0
18.9 27.8
35.0
- - -
-
- - 36.4
22.1 60.0 - 36.4 36.4 35.3
≧ 20%
-
51.9
- 18.4 Aug.
45.0
Others 15.1
11.1 8.7
8.6 15.4 21.7
2.9 8.8
Aug.
7.7 4.3
25.7
≧ 20%
30.4
Jul.
26.5
9.8 55.9
37.3
Subtotal Jul.
17.6 42.9
Jul. Jul.
17.4
Aug.
Aug.
< 20%
30.0 47.8
47.1 26.9 36.8 26.1
21.1 55.0
19.2 21.7
17.1
Decrease
Leather Goods Adults' Clothing
9.1 18.2
-
15.0 20.0 33.3
10.0 5.0
30.0 30.0 20.0
18.2
11.1 33.3
20.0
100.0
20.0 10.0
25.0
27.3 33.3
20.0 Subtotal
20.0
≧ 20%
< 20%
- Aug.
Jul.
- 19.9 Jul.
12.5 26.5
Aug.
Stable
30.0 20.0 39.7
Increase
Cosmetics & Sanitary Articles
13.2 Jul.
20.0
10.0 40.0
19.9 27.9
80.0 20.0
15.4
40.0 40.4
20.0
27.3 33.3 24.3
Aug.
Retail Trade
36.4 36.4
66.7 Supermarket
36.8
Department Store Motor Vehicle
44.4 50.0
Retailers' perceptions of year-on-year changes in sales 28.3
16.7 50.0
55.6 38.9
44.4
30.0 27.3
30.0
40.0 20.0
60.0
- 80.0
25.0
17.0 20.0
15.0 100.0 27.8
10.0
33.3
11.3 18.9
20.0
16.7 11.1 22.2
The proportion of Motor Vehicle Retailers (80%) recording a year-on-year sales decrease in August surged by 40 percentage points from July, and the corresponding share of Adults' Clothing Retailers (60%) increased by 15 percentage points. Meanwhile, all of the interviewed Leather Goods Retailers showed a year-on-year sales growth in August, and the corresponding proportion of Supermarkets (67%) rose by 22 percentage points from July (Table 4).
45.3 30.2
5.6
26.4 Watches, Clocks &
Jewellery
16.7
9.4 32.1
41.5 30.2 22.6
33.3 50.0
- -
10.0 25.0
- 3.8
5.6 18.5
Sept.
43.5 -
Aug.
Subtotal
42.1 25.0
52.2
11.3 25.0 Sept.
Stable Aug.
< 20%
Aug.
≧ 20%
Subtotal
Sept. Aug.
Aug. Sept.
Year-on-year Decrease Year-on-year Increase
20.0 20.0
19.2 44.5
Restaurants' expectations for receipts for September 2019
14.3 26.9
26.4 37.7
Sept.
15.8 15.9
18.9
22.6 16.7 1.9 57.4 39.6 24.1
15.9
3.8
1.6 37.9
17.6
Chinese Restaurant 18.5
19.8 Restaurants & Similar
Establishments
53.3
Sept. Aug. Sept. Aug.
21.1 21.1
< 20%
7.7 30.2
Local Style Cafe, Congee &
Noodle Shop
8.8 21.7
Japanese & Korean Restaurant
45.7 5.8
-
33.3 -
Western Restaurant
17.6 11.4
Others
8.7
21.2 19.6
8.8 -
68.7%
36.8% 40.4% 43.7%
38.5%
47.1%
17.6%
34.6%
27.2%
34.6% 37.5% 36.8% 39.7%
16.0%
33.8% 33.1%
37.8%
43.0% 36.8%
69.1%
44.9%
50.0%
42.6% 44.9%
35.3%
40.4%
80%
60%
40%
20%
0%
20%
40%
60%
80%
Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug.
44.5%
37.7%
55.0%
47.8% 47.1% 42.9%
37.9%
39.6%
25.0% 43.5%
33.3% 45.7%
17.6%
22.6% 20.0%
8.7%
19.6%
11.4%
0%
20%
40%
60%
80%
100%
Restaurants
& Similar Establishments
Chinese Restaurant
Western Restaurant
Japanese &
Korean Restaurant
Local Style Cafe, Congee & Noodle
Shop
Others
Decrease Stable
Increase
Increase Decrease
2018 2019
Table 5: Comparison of forecast and actual sales performance for August 2019 %
Business Prospects for Next Month
•
Table 6: Retailers' expectations for sales for August and September 2019 %
Symbols & Note
- Absolute value equals zero p.p. Percentage point
Percentages may not add up to 100% due to rounding.
Explanatory notes
Remarks
For addition information:
http://www.dsec.gov.mo/e/icrc.aspx
August 2019 3
The sample of the Business Climate Survey on Restaurants & Similar Establishments and Retail Trade was selected based on the value of receipts of the establishments, comprising 186 restaurants & similar establishments (accounting for 53% of the industry’s receipts) and 136 retailers (accounting for 70% of the industry’s receipts). The Survey results were not extrapolated and only reflect the assessment of the business performance and expectations of the sample restaurants and retailers.
50.0
-11.1 -11.1
45.6 37.5
Forecast
Retail Trade 16.9 22.8
Year-on-year Increase Forecast
39.7 Actual
40.0
27.3 44.4
Year-on-year Decrease Actual Difference
(p.p.) Difference
(p.p.)
-
-20.0
11.1
40.4 33.3
-
Sept.
10.0 50.0
20.0 61.1 -
38.9
19.9
36.4 45.5
-20.0 -
50.0 -11.1
-20.8 41.5 -9.4
Year-on-year Decrease Retailers' expectations for sales for September 2019
43.4 32.1
Aug.
-25.7
Adults' Clothing
18.2 -
18.2
30.2 5.0
Supermarket Retail Trade
Subtotal
Aug.
-
15.1
20.0
30.0 44.4
45.3 22.6
-16.7 -60.0 -40.0 -18.2 -50.0
11.3 30.0
Department Store 54.5
38.9 27.3
41.5 34.0 7.5
Cosmetics & Sanitary Articles
22.2 60.0 25.0
11.1 -
-
10.0 15.0
22.2
43.4 30.0
47.2
22.2 20.0
20.0 20.0 30.0
10.0 -
Leather Goods
34.0 22.6
60.0 -
Others 18.9
- Watches, Clocks &
Jewellery
-
Results presented in this report were not extrapolated and only reflect the business performance and expectations of the sampling units. In order to achieve timeliness of the results, restaurants and retailers may not get hold of the actual sales figures at the time of data collection.
20.0 -
11.1 20.0
61.1 33.3 38.9
25.0 50.0
-
55.0 25.0
40.0 44.4
10.0 40.0
25.0 10.0
- 30.0
- 20.0
Motor Vehicle
45.6 43.4
9.1 -
44.4 -
- -
2.2 4.4
44.4 20.0
16.9
9.1 Aug. Sept.
14.7 21.3
27.3
10.0 -
12.5 11.1
77.8
70.0
30.0
-
40.0 20.0 20.0
27.3
50.0
20.0 50.0
- - 54.5
-
≧ 20%
< 20%
Subtotal 50.0
Actual Stable
30.0 Forecast
Difference (p.p.)
80.0
50.0
9.1
60.0 25.0
30.0
< 20%
45.5 Aug.
9.1
Sept.
Sept.
Leather Goods 80.0
Department Store
22.3
36.4 9.1
Business Climate Survey on Restaurants & Similar Establishments and Retail Trade
Owing to the above stated limitations, the Survey results only serve as a reference on the business trends of the surveyed industries. Hence, it is recommended to take into account other relevant data when evaluating the overall business performance of these industries.≧ 20%
Year-on-year Increase
15.1 - 20.0 20.0 30.0 27.3 44.4 - 16.9
18.9 11.3
- -
3.8
11.1 Stable
11.1 50.0
Sept.
Aug.
22.8 Aug.
37.5
Sept. Aug. Sept.
25.0 12.5
22.2 22.2
- 35.3
35.0 20.0 2.9
15.0 40.0
Others Motor Vehicle
60.0 100.0
27.8
Watches, Clocks & Jewellery 27.8 22.2
66.7 20.0
- 20.0
15.0 55.0
25.0
- 27.3
Adults' Clothing
30.0 20.0
Cosmetics & Sanitary Articles Supermarket
27.3 20.0
Around 67% of the Watches, Clocks & Jewellery Retailers and all of the Leather Goods Retailers expected a year-on-year sales rise or steady performance in September, up by 28 percentage points and 20 percentage points respectively from August. The corresponding shares of Department Stores (46%) and Motor Vehicle Retailers (30%) fell by 27 percentage points and 20 percentage points respectively (Table 6).
Decrease Stable
Increase
35.3%
70.0%
22.2%
54.5%
40.0%
25.0%
33.3% 34.0%
43.4%
10.0%
77.8%
27.3%
30.0%
50.0%
40.0%
44.4% 47.2%
21.3% 20.0% 18.2%
30.0% 25.0%
60.0%
22.2% 18.9%
0%
20%
40%
60%
80%
100%
Retail Trade
Motor Vehicle
Supermarket Department Store
Cosmetics
& Sanitary Articles
Adults' Clothing
Leather Goods
Watches, Clocks &
Jewellery Others
