-
- -
-
Restaurants & Similar Establishments
Table 1: Restaurants' perceptions of year-on-year changes in receipts for February and March 2019 %
•
Forecast and Actual Business Performance
•
Table 2: Comparison of forecast and actual business performance for March 2019 %
www.dsec.gov.mo 2019.05
Retail sales stabilised, with 35% of the interviewed retailers showing a year-on-year sales increase in March, up by 17 percentage points from February. On the other hand, 45% of the retailers registered a year-on-year sales decrease in March, a 24 percentage point drop from February.
Local Style Cafe, Congee & Noodle Shop
25.7
Others 25.7 14.3 65.7 22.9
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.
-20.9 48.6
7.4
21.1 15.8
50.0 10.5
4.3 42.6
33.3
28.6 5.7
26.3 9.3
40.0
31.4 25.7
7.8
26.3
48.6 34.3 51.0 28.8
34.8 30.4
-
29.7
15.8 35.2 Feb.
44.4
Feb. Mar. Feb.
33.3 36.3 34.1
22.2
32.8 25.7
5.3
BUSINESS CLIMATE SURVEY
RESTAURANTS & SIMILAR ESTABLISHMENTS AND RETAIL TRADE MARCH 2019
24.1 18.5
52.6
17.3 18.5
17.6 30.4
Feb. Mar.
Stable
5.9 Decrease
< 20% ≧ 20%
Mar.
13.0
Feb.
7.7 Chinese Restaurant
29.7 33.9
Mar.
9.6 11.8
Actual
29.6 50.0
26.3 Difference
(p.p.)
Year-on-year Decrease Forecast
34.1 36.3
Stable
-20.5
Difference (p.p.) 54.6
48.1
-5.3 47.4
20.4 Actual
Increase Subtotal < 20%
31.4
25.7
Forecast
29.7 14.4
Subtotal
Restaurants' perceptions of year-on-year changes in receipts 21.1
15.3
23.1
Mar. Mar.
5.6 10.5 10.5 6.6
Restaurants & Similar Establishments
Japanese & Korean Restaurant
6.2 34.3
21.7
30.1 Among the interviewed restaurants & similar establishments, 30%
registered a year-on-year rise in receipts in March, higher than expected by 14 percentage points. The corresponding proportions of Western Restaurants (53%) and Local Style Cafes, Congee & Noodle Shops (31%) exceeded the forecast by 32 percentage points and 20 percentage points respectively. On the other hand, 36% of the interviewed establishments recorded a year-on-year decrease in receipts, 6 percentage points higher than the forecast (Table 2).
21.1
25.0
-25.9 21.1
Actual
22.2 22.2
Forecast
Western Restaurant
27.8
47.8 47.8
17.4
34.6 23.5
52.6 31.5
5.6
8.6 4.3 17.4
Restaurants & Similar Establishments
Western Restaurant
Feb. Mar.
Feb.
20.2
57.9 42.1
27.8
Local Style Cafe, Congee &
Noodle Shop
6.6 13.7
13.0 36.8
Others
69.6
-26.3 31.6
17.6 38.5
19.9
13.1 11.5
19.2 25.7
36.5
Year-on-year Increase Difference
(p.p.)
17.4 8.7
Japanese & Korean Restaurant
50.0
11.4 25.7 -40.0
-21.8
47.8 21.7 34.8
≧ 20%
20.0 14.3
5.6
4.3 17.4
Chinese Restaurant
31.4 51.0 1.0
8.7
In March, the proportions of Japanese & Korean Restaurants (35%) and Western Restaurants (26%) reporting a year-on-year decline in receipts increased by 13 percentage points and 11 percentage points respectively from February, whereas the corresponding share of Local Style Cafes, Congee & Noodle Shops (18%) reduced by 17 percentage points.
Meanwhile, 17% of the Japanese & Korean Restaurants recorded a year- on-year growth in receipts, a decrease of 13 percentage points from February (Table 1).
The business of restaurants & similar establishments remained subdued in March, with 36% of the interviewed establishments recording a year-on-year decline in receipts, a growth of 3 percentage points from February. Meanwhile, 30% of the establishments reported a year-on-year increase in receipts in March, down by 4 percentage points from February.
The interviewed restaurants & similar establishments expected no significant improvement in business in April, with 35% of them anticipating a year-on-year decrease in receipts, up by 5 percentage points from March. Meanwhile, 18% of the interviewed establishments forecasted a year-on-year growth in receipts, a 3 percentage point rise from March.
Retailers expected their sales to be stable in April, with 68% of them expecting their sales to increase year-on-year or remain steady, an increase of 4 percentage points from March. Meanwhile, 32% of them predicted a year-on-year sales decrease.
Government of Macao Special Administrative Region Statistics and Census Service
統 計 暨 普 查 局
Increase Decrease
2018 2019
59.4%
47.7%
41.3%46.8%
39.2%
51.7%
29.0% 33.3% 35.9% 35.9%
48.1%
33.9%
29.7%
19.4% 21.9%
29.0% 26.0%
34.0% 30.5%
44.4% 39.1%
29.9% 32.6%
21.6%
33.3%
36.3%
60%
40%
20%
0%
20%
40%
60%
80%
Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar.
Business Prospects for Next Month
•
Table 3: Restaurants' expectations for receipts for March and April 2019 %
Retail Trade
Table 4: Retailers' perceptions of year-on-year changes in sales for February and March 2019 %
•
Forecast and Actual Business Performance
•
2 Business Climate Survey on Restaurants & Similar Establishments and Retail Trade March 2019
18.2 9.1 45.525.7 80.0 22.2 9.1 36.4 69.1
27.3 33.3
55.6 - - -
Apr. Apr. Mar.
≧ 20%
- - 39.6
As regards retail trade, the proportion of Supermarkets recording a year-on-year sales increase in March surged by 45 percentage points from February to 67%. Meanwhile, 55% of the Adults’ Clothing Retailers and 56% of the Watches, Clocks & Jewellery Retailers reported a year-on-year sales decrease in March, down by 30 percentage points and 28 percentage points respectively. Moreover, all of the interviewed Supermarkets and Leather Goods Retailers registered year-on-year sales rise or stable performance (Table 4).
28.3 5.6
35.0
20.0 40.0 -
20.8 -
Others 18.9
11.1 18.5
15.3
Mar. Mar.
Stable Mar.
Year-on-year Increase
3.3
≧ 20%
2.2
Restaurants' expectations for receipts for April 2019
Restaurants & Similar 12.0 Establishments
24.0
47.3 34.6
18.1 Subtotal
-
44.9 32.4 19.1 36.8
13.2
- -
6.6
10.0 20.0
11.0
5.6
Mar.
Mar.
25.7
Feb.
Subtotal
Decrease
5.7
Mar.
13.5 37.0
40.7 29.6 -
2.0
4.3
65.7
≧ 20% Stable
26.3 15.8
50.0 25.0
69.6
Chinese Restaurant 22.2
26.3
Feb.
22.9
5.9
Feb.
17.6 On the contrary, the proportion of Local Style Cafes, Congee & Noodle Shops (20%) anticipating a year-on-year growth in receipts grew by 8 percentage points (Table 3).
Apr.
1.9 26.3
11.5
2.9 -
Feb.
Mar.
Mar.
Feb.
Mar.
Apr.
54.6 4.4
21.7
4.3 17.4
10.5 43.5
35.3 38.5
10.0 30.0
20.6
2.9
< 20%
28.6
5.3
- 80.0 80.0
29.4 4.3 5.3
≧ 20%
39.1
50.0
80.0
22.2 20.0
- 20.0 85.0
20.0
10.0 10.0 10.0
60.0 80.0
5.0 5.0
5.7 5.6
20.8
60.0
5.0 80.0 15.0 Cosmetics & Sanitary Articles
36.4 33.3
Leather Goods Adults' Clothing
9.1 9.1
- 33.3
-
22.2
Watches, Clocks &
Jewellery
18.2
22.2 -
33.3 -
15.1 30.2
22.2 21.1
11.4 17.1
Others
Subtotal
10.0 Mar.
Retail Trade
27.3 36.4
66.7 Supermarket
17.6 8.7
34.6
Department Store Motor Vehicle
Feb.
22.2 20.0
25.0
Retailers' perceptions of year-on-year changes in sales 64.2
38.9 55.6
83.3 44.4
11.1 11.1 10.0
33.3 80.0
- 40.0
60.0 65.0
20.0
20.0 60.0
55.0
35.8 39.6
9.4 15.1 20.8
-
47.4 57.9
- 27.3 33.3
10.0 27.3
Mar.
25.0
10.0 10.0
9.6 Feb.
< 20%
4.3
14.3 7.7 4.3 21.1
Apr.
Apr.
30.2
Apr. Mar.
Subtotal
31.6
Year-on-year Decrease
30.1
< 20%
6.0 15.9
16.7
16.7 48.1 40.7 29.6
< 20%
Mar.
3.7
Among the interviewed retailers, 35% showed a year-on-year sales rise in March, higher than expected by 18 percentage points. The corresponding proportions of Supermarkets (67%) and Leather Goods Retailers (80%) surpassed the forecast by 22 percentage points and 20 percentage points respectively. Meanwhile, 45% of the interviewed retailers reported a year-on-year sales decrease in March, 9 percentage points higher than predicted. The corresponding proportions of Motor Vehicle Retailers (80%), Cosmetics & Sanitary Articles Retailers (80%) and Adults' Clothing Retailers (55%) each exceeded the forecast by 20 percentage points (Table 5).
About 44% of the Japanese & Korean Restaurants expected a year-on- year decline in receipts in April, up by 22 percentage points from March;
yet, the corresponding share of Western Restaurants (16%) fell by 16 percentage points.
47.8
17.1 -
Increase Local Style Cafe, Congee & 19.6
Noodle Shop
11.4 Japanese & Korean 8.7
Restaurant
54.3 3.8
4.3
45.1 -
Western Restaurant
70.2% 67.2% 68.7% 66.4%
62.6%
68.7%
36.8% 40.4% 43.7%
38.5%
47.1%
17.6%
34.6%
15.3% 16.8% 13.7%
17.6%
26.7%
16.0%
33.8% 33.1%
37.8%
43.0%
36.8%
69.1%
44.9%
80%
60%
40%
20%
0%
20%
40%
60%
80%
Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar.
Decrease Stable
Increase
Increase Decrease
2018 2019
34.6% 40.7%
15.8%
43.5%
35.3%
28.6%
47.3% 40.7%
57.9%
47.8%
45.1%
54.3%
18.1% 18.5%
26.3%
8.7%
19.6% 17.1%
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 March 2019 %
Business Prospects for Next Month
•
Table 6: Retailers' expectations for sales for March and April 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
March 2019 3
60.0 Year-on-year Increase
Forecast Difference
(p.p.) 18.4
16.2 34.6 36.0
Forecast Retail Trade
Actual
55.0 35.0
60.0 40.0
9.1
44.4 11.1 -
44.9 33.3
10.0
-11.1 -11.1
47.8
Apr.
40.0 40.0
20.0 38.9
Year-on-year Decrease Actual Difference
(p.p.)
20.0 38.9
-20.0 -
55.6 16.7
-35.8 37.7 1.9
Year-on-year Decrease Retailers' expectations for sales for April 2019
56.6 39.6
20.6
27.3 45.5
-27.8 - -25.0 -9.1
20.0 Forecast
Difference (p.p.)
-30.0 80.0
80.0
18.2 -30.0
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.
40.0
Actual Stable
Mar.
-27.2
Adults' Clothing
27.3 55.6
45.5
33.9 5.0
Watches, Clocks &
Jewellery
15.1 60.0
Department Store 9.1
38.9 63.6
37.7 34.0 18.9
Cosmetics & Sanitary Articles
5.6 80.0 15.0
- -
-
20.0 15.0
22.2 56.6
40.0
47.2
11.1 40.0
10.0 -
25.0 5.0
Leather Goods
18.9 18.9
20.0
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.
40.0 -
5.6 -
38.9 38.9 27.8
35.0 50.0
-
50.0 35.0
20.0 55.6
20.0 80.0
10.0 -
- 30.0
- 20.0
20.0 Supermarket
Retail Trade
9.1
40.0
10.0 60.0
Motor Vehicle
47.8 47.8
- 11.1
44.4 -
- -
1.5 2.9
44.4 10.0
17.6
- Subtotal
- - 9.1
- - Mar.
5.0
≧ 20%
< 20%
Subtotal Mar. Apr.
14.7 20.6
9.1
20.0 -
14.0 11.1
44.4
50.0
10.0
44.4
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
5.7 22.2 60.0 15.0 - 45.5 44.4 - 16.2
18.9 5.7
22.2 -
-
< 20%
45.5 Mar.
27.3
Apr.
Apr.
Others
40.0 10.0
18.9 10.0
20.0 -
5.7
10.0
- 44.4
39.6 20.8
15.0 Cosmetics & Sanitary Articles
Supermarket
36.4 10.0
Leather Goods 20.0
Department Store
22.3
36.4 -9.1
16.7 Stable
11.1 60.0
Apr.
Mar.
17.6 Mar.
36.0
Apr. Mar. Apr.
19.1 16.9
- -
- 31.6
20.0 20.0 8.9
10.0 50.0
Others Motor Vehicle
20.0 80.0
11.1
Watches, Clocks & Jewellery 33.3 11.1
66.7 10.0
22.2 60.0
25.0 50.0
20.0
10.0 45.5
Adults' Clothing
10.0
On the other hand, half of the interviewed Motor Vehicle Retailers and Cosmetics & Sanitary Articles Retailers anticipated a year-on-year sales decrease in April, with both proportions dropping by 10 percentage points from March (Table 6).
All of the Leather Goods Retailers expected a year-on-year sales rise or steady performance in April, with the proportion rising by 20 percentage points from March; the corresponding share of Department Stores remained at 91%.
31.6%
50.0%
9.1%
50.0%
35.0% 38.9%
34.0%
47.8%
40.0%
44.4%
63.6%
40.0%
50.0%
20.0%
55.6%
47.2%
20.6%
10.0%
55.6%
27.3%
10.0%
15.0%
80.0%
5.6%
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
Decrease Stable
Increase
