-
- -
-
Restaurants & Similar Establishments
Table 1: Restaurants' perceptions of year-on-year changes in receipts for July and August 2018
%
•
Forecast and Actual Business Performance
•
Table 2: Comparison of forecast and actual business performance for August 2018
%
www.dsec.gov.mo 2018.10
11.9
26.7
34.7 24.5
61.0 11.9
15.8
11.9
33.3
26.5
BUSINESS CLIMATE SURVEY
RESTAURANTS & SIMILAR ESTABLISHMENTS AND RETAIL TRADE AUGUST 2018
57.1 29.3
57.9
18.4 45.2
34.7 33.3
Jul. Aug.
Retailers expected a slowdown in business in September, with 36% of the retailers anticipating a year-on-year sales increase, down by 4 percentage points from August. Meanwhile, 20% of the interviewed retailers predicted a year-on-year decrease in sales, up slightly by nearly 1 percentage point from August.
Stable
8.2 Decrease
< 20% ≧ 20%
Aug.
Increase Subtotal < 20%
Jul.
Jul. Aug.
The interviewed restaurants & similar establishments expected their business to weaken slightly in September after the summer holidays. The proportion of interviewed establishments anticipating a year-on-year rise in receipts dropped by 3 percentage points from August to 21%. Meanwhile, 31% of the interviewed establishments predicted a drop in receipts year-on-year, up by 7 percentage points from August.
Restaurants & Similar Establishments
33.3 13.3
Western Restaurant
20.0 21.1 33.3
Chinese Restaurant
51.7 39.2
14.3 25.8 29.4
51.9
86.7
Stable
37.6 50.0
Local Style Cafe, Congee & Noodle Shop
Others
Japanese & Korean Restaurant
18.4 32.7 22.4
47.4
17.9 -35.0
Local Style Cafe, Congee &
Noodle Shop
32.1 3.6
21.1 57.9 36.8
35.7 46.9
33.3 33.3
The proportions of Western Restaurants (58%) and Local Style Cafes, Congee & Noodle Shops (47%) reporting a year-on-year growth in receipts in August rose by 32 and 14 percentage points respectively from July. Meanwhile, the share of Western Restaurants (21%) showing a year-on-year decline in receipts decreased by 26 percentage points (Table 1).
Among the interviewed restaurants & similar establishments, 52%
registered a year-on-year rise in receipts in August, higher than expected by 28 percentage points. The corresponding proportions of Western Restaurants and Local Style Cafes, Congee & Noodle Shops exceeded the forecast by 37 and 35 percentage points respectively. On the other hand, 31% of the interviewed establishments recorded a decrease in receipts in August, higher than predicted by 7 percentage points (Table 2).
39.3
Alameda Dr. Carlos d' Assumpção, No. 411-417, Dynasty Plaza, 17th floor, Macao Tel: (853) 8399 5311 Fax: (853) 2830 7825 E-mail: [email protected] Official Statistics. Reproduction of these data is allowed provided the source is quoted.
Japanese & Korean Restaurant
-36.7
-2.4 Forecast
51.7 28.2
14.3
52.9
14.8 -35.2 35.7 33.3
34.7
26.7 13.4
Western Restaurant
55.1 18.4
Others
Year-on-year Increase Difference
(p.p.)
7.0 23.5
14.9 Forecast Actual Difference
(p.p.)
-10.5 Difference
(p.p.)
9.5 24.4
13.3 33.3 20.0 -60.0 -
12.2 46.9
Forecast Actual
Restaurants & Similar Establishments
42.9
30.5
9.9
Jul. Aug.
11.1
26.3 21.1 47.4
24.4 36.8
6.7 23.8
19.0
32.7
22.2
25.0 14.8
51.9
23.5
Chinese Restaurant 47.6 61.0
≧ 20%
Jul.
Aug.
Subtotal
Aug. Jul.
Jul. Aug.
24.5 -
34.0 30.5 17.9
14.6 26.8
26.3 31.7 10.5
33.3 26.7
25.8 9.8
7.3 10.5
18.5
11.1 20.5 22.9
17.1
40.0 2.0 34.7
40.0 32.7
10.2 5.3
21.1 36.8 15.8
40.0 13.3 26.7
Year-on-year Decrease
21.1 Restaurants' perceptions of year-on-year changes in receipts
-28.3
Actual
21.1 -26.3 31.6
14.6
25.0 14.3
As regards retail trade, 69% of the interviewed retailers reported a year-on-year sales increase in August, up by 6 percentage points from July. On the other hand, 16% of the interviewed retailers registered a year-on-year sales decline, down by 11 percentage points from July.
The business performance of restaurants & similar establishments and retail trade both showed an improvement in August. There were 52% of the interviewed restaurants & similar establishments reporting a year-on-year rise in receipts in August, up by 13 percentage points from July. Meanwhile, 31% of the interviewed establishments recorded a year-on-year decrease in receipts, down by 4 percentage points.
32.1%
44.5% 42.7%
36.3%
43.6%
30.8%
49.0%
59.4%
47.7%
41.3%46.8%
39.2%
51.7%
46.2%
37.4%31.8%
35.7%32.1%
56.4%
35.5%
19.4% 21.9%
29.0%26.0%
34.0% 30.5%
80%
60%
40%
20%
0%
20%
40%
60%
80%
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
2017 2018
Business Prospects for Next Month
•
Table 3: Restaurants' expectations for receipts for August and September 2018
%
Retail Trade
Table 4: Retailers' perceptions of year-on-year changes in sales for July and August 2018
%
•
Forecast and Actual Business Performance
•
2
Business Climate Survey on Restaurants & Similar Establishments and Retail Trade August 2018
-Aug.
Jul.
Motor Vehicle 22.2
36.7 32.7
16.0 15.3
Local Style Cafe, Congee &
Noodle Shop
14.3 Japanese & Korean 13.3
Restaurant
34.4
11.1 22.2 37.0
Jul.
Decrease
10.7
Jul.
35.7
26.7
25.0 31.6
77.8
44.4 25.2
Aug.
Aug.
49.0 55.1
≧ 20%
11.1 33.3 - Stable 86.7
50.0 66.7
68.7
- 11.1 11.1 2.0 6.7
5.3 -
22.2 11.1 22.2
21.1
Supermarket
10.7
35.0 47.4 -
< 20%
Subtotal
Retail Trade
12.2
- -
33.3 Jul.
33.3 26.3
- 21.1
Jul.
11.5 48.1
Aug.
Jul. Jul.
7.4
< 20%
Subtotal
40.0 Watches, Clocks &
Jewellery Others Leather Goods Adults' Clothing
Among the interviewed retailers, 69% registered a year-on-year sales increase in August, higher than expected by 29 percentage points.
Meanwhile, none of the interviewed Motor Vehicle Retailers anticipated a year-on-year sales growth in August, yet it turned out that 78% of them registered increase. The corresponding proportions of Watches, Clocks &
Jewellery Retailers (78%), Adults' Clothing Retailers (65%) and Department Stores (78%) exceeded the forecast by 39, 30 and 28 percentage points respectively. On the other hand, 16% of the interviewed retailers reported a year-on-year sales decrease in August, lower than predicted by 3 percentage points (Table 5).
22.2 44.4
- Department Store
-
33.3 55.6
66.7 15.0 66.7
65.0
11.1 33.3
-
- -
15.0
20.0 40.0
Cosmetics & Sanitary Articles
45.0
80.0 72.2
26.9 28.8
-
- -
35.0 10.0
-
22.2 11.1 11.1
5.0 5.0
11.1 27.8
- 100.0
51.9 100.0
44.4
60.0 20.0
25.0
- 11.1
11.1
Chinese Restaurant 36.6 40.5 2.4
Aug.
23.5 20.3
77.8 77.8 55.6
22.2 11.1 55.6
60.0
22.2
Around 37% of the Chinese Restaurants anticipated a year-on-year rise in receipts in September, down by 11 percentage points from August.
Besides, none of the interviewed Japanese & Korean Restaurants predicted a year-on-year growth in receipts.
< 20%
Year-on-year Increase
Sept.
On the other hand, 42% of the Western Restaurants expected a year-on- year decline in receipts in September, up by 11 percentage points from August, and 33% of the Japanese & Korean Restaurants had the same expectations (Table 3).
47.6
30.0 33.3
Aug.
Aug. Sept.
Western Restaurant
Others
77.8 Subtotal Restaurants & Similar
Establishments
3.3 52.9
17.9
≧ 20%
Sept.
2.6
Restaurants' expectations for receipts for September 2018
Sept.
Aug.
Sept. Sept. Aug. Sept.
Stable Aug.
6.6
12.2
11.1
20.6 6.1
- 49.0
42.1
≧ 20%
- -
- 26.7
30.5 5.9
5.3
29.6 31.6
12.2 24.5 20.4 33.3
36.8
11.1
5.6 25.0 19.2
11.1 5.6 11.1 5.6
1.9 16.7
The proportions of Motor Vehicle Retailers (78%) and Cosmetics & Sanitary Articles Retailers (78%) showing a year-on-year sales growth in August grew by 22 and 11 percentage points respectively from July. All of the interviewed Leather Goods Retailers and 78% of the Department Stores recorded a year-on-year sales growth, the same as in July. Meanwhile, the proportions of Adults’ Clothing Retailers (15%), Cosmetics & Sanitary Articles Retailers (11%) and Motor Vehicle Retailers (22%) reporting a year- on-year sales decline slipped by 25, 22 and 11 percentage points from July respectively (Table 4).
59.6 77.8
15.4 30.8
11.1 11.1
21.2 21.2
66.7
23.5
22.2 51.2 31.6
Aug.
11.1
6.7
- 11.1 17.6
Aug.
22.2
Aug.
-
≧ 20%
Year-on-year Decrease
- -
9.5 12.2 9.5 12.2
23.8
< 20%
Aug.
Subtotal
3.8
Retailers' perceptions of year-on-year changes in sales 26.9
- 21.1
28.2 Increase
7.1
14.3 -
14.3
4.1 14.8
14.8
62.6
10.2 10.2
77.8
11.1 66.7
33.3 34.1
43.5 66.7
4.6 11.1 20.5
42.9
6.7
40.5%
50.8%
59.2% 58.9% 60.8%
48.1%
84.0%
70.2% 67.2% 68.7% 66.4%
62.6%
68.7%
41.2%
23.8% 20.8% 20.9% 23.8%
37.4%
7.6%
15.3% 16.8% 13.7%
17.6%
26.7%
16.0%
60%
40%
20%
0%
20%
40%
60%
80%
100%
Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug.
Decrease Stable
Increase
Increase Decrease
2017 2018
30.5%
12.2%
42.1%
33.3% 36.7% 37.0%
49.0%
51.2%
31.6%
66.7%
49.0% 48.1%
20.5%
36.6%
26.3%
14.3% 14.8%
0%
20%
40%
60%
80%
100%
Restaurants
& Similar Establishments
Chinese Restaurant
Western Restaurant
Japanese &
Korean Restaurant
Local Style Cafe, Congee & Noodle
Others
Table 5: Comparison of forecast and actual sales performance for August 2018
%
Business Prospects for Next Month
•
Table 6: Retailers' expectations for sales for August and September 2018
%
Symbols & Note
- Absolute value equals zero
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 2018
3Retail Trade 39.4
Cosmetics & Sanitary Articles Supermarket
27.8
Forecast Difference
(p.p.) Actual
50.0
68.7 15.3
11.1 - 66.7
77.8 77.8
Year-on-year Increase
29.3 11.1
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
36.5 38.9 80.0 35.0 55.6 50.0 55.6 - 39.4
28.8 21.2
27.8 -
15.4
Others 5.8
5.6 -
23.1 11.1
5.6 5.6
19.7
- - 10.0
- 11.1 22.2 22.2
-
7.6 33.3
- 11.1 - -
-11.1 11.1
22.2
-
22.2
18.9
22.2 Forecast
55.6 55.6 -
17.3 23.1 11.5
44.4
22.2
-33.3 -20.0 -25.0 -8.9
Stable
Retailers' expectations for sales for September 2018 46.2
22.2 33.3
10.0 30.0
≧ 20%
< 20%
33.3
- 22.2
Year-on-year Decrease Subtotal
16.7 36.5
Aug. Aug.
Others
Sept.
Aug.
12.1 19.2
Aug.
18.9
Sept. Aug. Sept.
-25.0 17.3 1.9
Sept.
The proportion of Supermarkets (33%) expecting a year-on-year sales growth in September fell by 22 percentage points from August, whereas the corresponding shares of Leather Goods Retailers (80%) and Department Stores (50%) remained unchanged. In addition, about 67%
of the Cosmetics & Sanitary Articles Retailers anticipated a year-on-year sales increase, up by 11 percentage points from August.
Subtotal < 20%
Meanwhile, 33% of the Motor Vehicle Retailers predicted a year-on-year decrease in sales in September, up by 11 percentage points, while the corresponding share of Department Stores (10%) declined by 20 percentage points (Table 6).
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.
11.1 33.3
22.2 40.0
16.7 11.1 11.1
25.0 45.0
-
45.0 20.0
20.0 50.0
15.0 40.0
20.0 33.3
10.0 40.0
30.0 22.2
40.0
30.0
11.1
12.1 6.8
5.0 - 25.0 Watches, Clocks &
Jewellery Department Store
Cosmetics & Sanitary Articles
38.9 80.0 30.0
16.7 11.1
20.0 5.0 Leather Goods
22.2
20.0 40.0
30.0 66.7
Motor Vehicle
5.8 13.5
11.1
9.6 Aug.
Sept.
11.1 - 14.4 12.9
55.6 41.7
46.2 22.2 44.7
48.1 30.0
20.0 -
77.8
22.2 11.1
- -
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 167 restaurants & similar establishments (accounting for 53% of the industry’s receipts) and 135 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.
77.8
Actual Stable
Aug.
-26.4
Adults' Clothing
50.0 33.3
20.0
23.1 30.0 22.2
- 22.7 77.8
Supermarket
35.6
22.2 Retail Trade
44.4
33.3 - 22.2
Sept.
25.0 55.6
Sept.
77.8
59.6 21.2
20.0 30.0
22.2 -
22.2
-2.9
-11.1 -11.1 -77.8 Difference
(p.p.)
11.1 -5.6
- -
-5.0 -
15.0 Department Store
16.0 Forecast
Year-on-year Decrease Actual Difference
(p.p.)
11.1 11.1 45.0
77.8 35.0
41.7
11.1
-18.9
- 44.4
Motor Vehicle
20.0 22.2
20.0 38.9
80.0
20.0 Adults' Clothing
100.0
38.9
Watches, Clocks & Jewellery 11.1
Leather Goods 20.0
65.0
Decrease Stable
Increase
19.7%
33.3%
22.2%
10.0% 11.1%
25.0%
11.1%
23.1%
44.7%
55.6%
44.4%
40.0%
22.2%
45.0%
20.0%
50.0%
48.1%
35.6%
11.1%
33.3%
50.0%
66.7%
30.0%
80.0%
38.9%
28.8%
0%
20%
40%
60%
80%
100%
Retail Trade
Motor Vehicle
Supermarket Department Store
Cosmetics
& Sanitary Articles
Adults' Clothing
Leather Goods
Watches, Clocks &
Jewellery Others
