-
-
- -
Restaurants & Similar Establishments
Table 1: Restaurants' perceptions of year-on-year changes in receipts for January and February 2019 %
•
Forecast and Actual Business Performance
•
Table 2: Comparison of forecast and actual business performance for February 2019 %
www.dsec.gov.mo 2019.04
The business performance of restaurants & similar establishments and retail trade weakened in February. There were 33% of the interviewed restaurants & similar establishments reporting a year-on-year decline in receipts in February, up by 12 percentage points from January. Meanwhile, 34% of the interviewed establishments registered a year-on-year rise in receipts, a decrease of 14 percentage points from January.
The interviewed restaurants & similar establishments expected their business to slacken further in March, with 55% of them anticipating their receipts to remain stable year-on-year and 30% forecasting a decrease in receipts, up by 5 percentage points and 4 percentage points from February respectively.
Retailers were still cautious about their business prospects in March, with 64% of them anticipating their sales to increase year-on-year or remain steady, down slightly by 1 percentage point from February. On the other hand, 36% of the interviewed retailers forecasted a year-on-year sales decrease.
Chinese Restaurant
36.5 50.0 28.8 -21.2
14.8 34.3
42.6
Year-on-year Increase Difference
(p.p.)
≧ 20%
34.3 14.3
Restaurants & Similar Establishments
Western Restaurant
Jan. Feb.
Jan.
30.3
65.0 36.8
24.1 25.9
Local Style Cafe, Congee &
Noodle Shop
13.7 17.8
- 35.0
Others
Increase Subtotal < 20%
36.5
20.0
Forecast
33.9 10.1
Subtotal
Restaurants' perceptions of year-on-year changes in receipts 30.0
23.8
20.2
Feb. Feb.
7.4
- 10.5
7.7
Restaurants & Similar Establishments
Japanese & Korean Restaurant
14.3
13.0 25.0
22.7 30.4 7.7
49.7
25.0
46.3
-9.2 Difference
(p.p.) Actual
33.3
11.4
47.8 40.9
31.5
26.5
Japanese & Korean Restaurant 36.4
Forecast
-13.0
5.7 4.3 13.6
9.3
Western Restaurant
24.1
6.8 20.4 48.6
27.3 13.0
31.8 40.9 47.8
30.4
22.2 17.3
57.9 32.9
-7.4
21.7
34.3
BUSINESS CLIMATE SURVEY
RESTAURANTS & SIMILAR ESTABLISHMENTS AND RETAIL TRADE FEBRUARY 2019
53.7 18.5
57.9
27.8 27.8
34.6 31.8
Jan. Feb.
Stable
9.6 Decrease
< 20% ≧ 20%
Feb.
17.4
Jan.
8.1 Chinese Restaurant
33.9 48.1
Feb.
25.7
5.3 18.5 Jan.
35.2
Jan. Feb. Jan.
21.6 33.3 32.8
33.3
30.3 13.5
10.0
3.7
26.3 10.0
42.6 21.1
13.6 22.2
24.1
14.3 8.6
25.0 5.6
28.6
28.6 31.4
19.2
15.8
34.3 22.9 28.8 35.2
21.7 17.4
20.0 31.4 -31.5
18.5 18.0 31.5 34.6 3.1
Others 34.3 14.3 62.9 17.1
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.
Local Style Cafe, Congee & Noodle Shop
17.2 As regards retail trade, the proportion of interviewed retailers recording a year-on-year sales decrease in February surged by 32 percentage points from January to 69%, on account of the buoyant sales in January prior to the Lunar New Year in early February of this year, and a higher base of comparison resulting from the Lunar New Year that fell in mid-February last year. On the other hand, only 18% of the interviewed retailers showed a year-on-year sales increase in February, a 30 percentage point drop from January.
Among the interviewed restaurants & similar establishments, 34%
registered a year-on-year rise in receipts in February, higher than expected by 10 percentage points. The corresponding proportions of Western Restaurants (58%) and Local Style Cafes, Congee & Noodle Shops (37%) exceeded the forecast by 33 percentage points and 18 percentage points respectively. On the other hand, 33% of the interviewed establishments recorded a year-on-year decrease in receipts, 7 percentage points higher than the forecast (Table 2).
Actual
26.3 -23.7 25.0
Year-on-year Decrease Forecast
32.8 33.3
Stable
-16.9 Actual
22.2 42.6
15.8 50.0
-19.2 In February, 84% of the Western Restaurants recorded a year-on-year
growth in receipts or stable performance, a decrease of 6 percentage points from January, while the corresponding proportion of Japanese &
Korean Restaurants (78%) grew by 6 percentage points. Meanwhile, the proportions of Chinese Restaurants (43%) and Local Style Cafes, Congee & Noodle Shops (35%) reporting a year-on-year decline in receipts increased by 20 percentage points and 12 percentage points respectively from January (Table 1).
Difference (p.p.)
49.0%
59.4%
47.7%
41.3%
46.8%
39.2%
51.7%
29.0% 33.3% 35.9% 35.9%
48.1%
33.9%
35.5%
19.4% 21.9%
29.0% 26.0%
34.0% 30.5%
44.4% 39.1%
29.9% 32.6%
21.6%
33.3%
60%
40%
20%
0%
20%
40%
60%
80%
Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. Jan. Feb.
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 February and March 2019 %
Retail Trade
Table 4: Retailers' perceptions of year-on-year changes in sales for January and February 2019 %
•
Forecast and Actual Business Performance
•
2 Business Climate Survey on Restaurants & Similar Establishments and Retail Trade February 2019
About 70% of the Japanese & Korean Restaurants expected theirreceipts in March to remain stable year-on-year, up by 33 percentage points from February.
69.6
14.3 -
Increase Local Style Cafe, Congee & 11.5
Noodle Shop
20.0 Japanese & Korean 22.7
Restaurant
65.7 5.6
-
50.0 -
Western Restaurant 25.0 25.0
Year-on-year Decrease
26.5
< 20%
7.0 12.0
16.7
24.1 46.3 48.1 22.2
< 20%
Feb.
31.6
50.0 16.7 25.0
36.4 9.1
50.0 47.4
14.8 29.6
29.6 20.4 1.9
10.0
10.0 22.2
18.2 18.4
22.2 6.6
62.9
≧ 20% Stable
10.0
55.6 11.1
20.0 Leather Goods
Adults' Clothing
80.0 60.0 -
5.7 17.0 15.1
44.4 30.0
40.0 -
- 15.0
60.0
30.0 20.0
85.0
17.0
64.2 28.3
Retailers' perceptions of year-on-year changes in sales 34.0
27.8 83.3
44.4 16.7
11.1 16.7
80.0
38.9 35.0
- 20.0
50.0 65.0
- - 40.0
-
35.8 20.0
10.0 -
10.0 Retail Trade
60.0
54.5 27.3
50.0
10.0 10.0
18.2 -
Cosmetics & Sanitary Articles
27.3 22.2
Watches, Clocks &
Jewellery Others
Chinese Restaurant 31.5 5.6
21.1
18.5
Department Store Motor Vehicle
Jan.
66.7 30.0 25.0
20.0 11.4
Others
Subtotal
20.0 Feb.
5.0
9.1 36.4
Feb.
Subtotal
- Mar.
Supermarket
Feb.
6.0
40.9
4.3 31.8
26.3 21.7
38.5 31.5
- 20.0
13.2
5.7
< 20%
22.9
5.3 5.0
≧ 20%
17.4 7.4
Feb.
Feb.
17.1
Jan.
Subtotal
11.4 - -
Jan.
Feb.
Feb.
20.0 Feb.
Mar.
49.7
47.1 11.0
20.0
Decrease
2.9
Feb. Jan.
17.1
13.5
Jan.
80.0 60.0 7.7
13.0 3.8
40.0 30.0
69.1 22.1 32.4 14.7
16.2 17.6
30.0 23.8
Feb. Feb.
Stable Feb.
Year-on-year Increase
3.8
≧ 20%
3.3
Restaurants' expectations for receipts for March 2019
Restaurants & Similar 20.0 Establishments
19.5
54.6 30.1
15.3 24.0
Subtotal Mar.
8.7 22.7
11.1 18.2
Jan.
< 20%
- -
28.7 4.3 21.1 22.2
Jan.
5.0 30.0
18.9 38.9
49.1
60.0
20.0
- 20.0
- 60.0
-
5.6 10.0
30.2 15.1
5.6 20.8
As regards retail trade, the proportion of interviewed retailers reporting a year-on-year sales drop in February increased compared to January. There were 80% or more of the Cosmetics & Sanitary Articles Retailers, Watches, Clocks & Jewellery Retailers and Adults’ Clothing Retailers recording a year-on-year sales decrease in February, an expansion of 50 percentage points, 39 percentage points and 35 percentage points respectively (Table 4).
17.0 38.9
9.1 9.1 27.3
36.8 50.0 - 36.4 18.2 36.8
45.5 22.2
22.2 55.6 33.3 22.2
Feb.
Mar.
≧ 20%
Mar.
Mar.
Among the interviewed retailers, 18% registered a year-on-year sales rise in February, lower than expected by 5 percentage points. The corresponding proportion of Leather Goods Retailers (60%) was lower than the forecast by 20 percentage points. None of the interviewed Motor Vehicle Retailers predicted a year-on-year growth in receipts in February, yet it turned out that 20% of them registered increase. Meanwhile, 69%
of the interviewed retailers reported a year-on-year sales decrease in February, 34 percentage points higher than predicted. The corresponding proportions of Adults' Clothing Retailers (85%), Cosmetics & Sanitary Articles Retailers (80%) and Watches, Clocks & Jewellery Retailers (83%) exceeded the forecast significantly by 55 percentage points, 40 percentage points and 39 percentage points respectively (Table 5).
4.3 On the other hand, the proportions of Local Style Cafes, Congee &
Noodle Shops (39%), Western Restaurants (32%) and Chinese Restaurants (30%) predicting a year-on-year decline in receipts in March, each increased by 7 percentage points from February (Table 3).
Mar.
84.0%
70.2% 67.2% 68.7% 66.4%
62.6% 68.7%
36.8% 40.4% 43.7%
38.5%
47.1%
17.6%
7.6%
15.3% 16.8% 13.7% 17.6%
26.7%
16.0%
33.8% 33.1%
37.8%
43.0% 36.8%
69.1%
80%
60%
40%
20%
0%
20%
40%
60%
80%
100%
Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. Jan. Feb.
Decrease Stable
Increase
Increase Decrease
2018 2019
30.1% 29.6% 31.6%
21.7%
38.5%
22.9%
54.6%
48.1% 47.4% 69.6%
50.0%
65.7%
15.3%
22.2% 21.1%
8.7% 11.5% 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
Table 5: Comparison of forecast and actual sales performance for February 2019 %
Business Prospects for Next Month
•
Table 6: Retailers' expectations for sales for February and March 2019 %
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
February 2019 3
Meanwhile, 60% of the Cosmetics & Sanitary Articles Retailers predicted a year-on-year sales decrease in March, a growth of 20 percentage points compared to February, while the corresponding share of the Motor Vehicle Retailers (60%) fell by 20 percentage points (Table 6).
There were 91% of the Department Stores anticipating their sales to increase year-on-year or remain steady in March, up by 18 percentage points from February, while the corresponding proportion of Leather Goods Retailers (80%) dropped by 20 percentage points.
10.0
Others Motor Vehicle
20.0 60.0
-5.5
Watches, Clocks & Jewellery 5.6 11.1
22.2 20.0
11.1 80.0
10.0 45.0
5.0
-20.0 36.4
22.8
11.1 Stable
11.1 80.0
Mar.
Feb.
19.1 Feb.
35.3
Mar. Feb. Mar.
19.1 16.2
11.1 11.1
20.0 36.0
55.0 40.0 33.8
15.0 60.0
Others
30.0 -
5.7 -
40.0 -
18.9
20.0
30.0 33.3
20.8 15.1
25.0 Cosmetics & Sanitary Articles
Supermarket
27.3 10.0
Leather Goods -20.0
Department Store
-11.1
27.3 -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
18.9 11.1 80.0 25.0 30.0 36.4 33.3 - 22.8
5.7 18.9
11.1 -
-
< 20%
36.4 Feb.
45.5
Mar.
Mar.
Subtotal
- - 9.1
- 11.1 Feb.
5.0
≧ 20%
< 20%
Subtotal
Feb. Mar.
19.9 16.2
27.3
20.0 30.0
16.9 22.2
44.4
60.0
-
44.4 Supermarket
Retail Trade
27.3
60.0
- 50.0
Motor Vehicle
41.9 47.8
- -
22.2 11.1
- -
2.9 1.5
44.4 -
14.7
-
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.
30.0 -
- 20.0
44.4 38.9 33.3
35.0 50.0
20.0
45.0 30.0
20.0 38.9
10.0 40.0
10.0 -
- 40.0
- -
-
17.0 Cosmetics & Sanitary Articles
22.2 60.0 15.0
22.2 -
-
10.0 20.0
27.8 49.1
40.0
56.6
11.1 40.0
20.0 30.0
20.0 5.0
Leather Goods
15.1 18.9
20.0
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) after rotating some of the samples. The Survey results were not extrapolated and only reflect the assessment of the business performance and expectations of the sample restaurants and retailers.
20.0
Actual Stable
Feb.
-28.7
Adults' Clothing
45.5 44.4
36.4
1.9 -20.0
Watches, Clocks &
Jewellery
18.9 40.0
Department Store 9.1
44.4 45.5
32.1 37.7
-33.3 -20.0 -35.0 -9.1
- Forecast
Difference (p.p.)
-20.0 80.0
80.0
18.2 -20.0
Mar.
40.0 20.0
- 44.4
Year-on-year Decrease Actual Difference
(p.p.)
- 44.4
40.0 40.0
83.3 38.9
-34.0 32.1 32.1
Year-on-year Decrease Retailers' expectations for sales for March 2019
49.1 64.2
13.2
45.5 36.4
22.2
69.1
33.4 -22.2
41.9 Forecast
35.3
85.0 30.0
40.0 30.0
27.3
44.4 55.6
Adults' Clothing
17.6
22.2 -
Retail Trade -5.2
Year-on-year Increase
Forecast Difference
(p.p.)
80.0 Actual
Decrease Stable
Increase
36.0%
60.0%
11.1% 9.1%
60.0%
35.0%
20.0%
38.9% 37.7%
47.8%
40.0%
44.4% 45.5%
40.0%
50.0%
20.0%
38.9%
56.6%
16.2%
44.4% 45.5%
15.0%
60.0%
22.2%
5.7%
0%
20%
40%
60%
80%
100%
Retail Trade
Motor Vehicle
Supermarket Department Store
Cosmetics
& Sanitary Articles
Adults' Clothing
Leather Goods
Watches, Clocks &
Jewellery Others
