- - -
-
Restaurants & Similar Establishments
Table 1: Restaurants' perceptions of year-on-year changes in receipts for October and November 2018
%
•
Forecast and Actual Business Performance
•
Table 2: Comparison of forecast and actual business performance for November 2018
%
www.dsec.gov.mo 2019.01
Actual
40.0 -10.0 30.0
Year-on-year Decrease Forecast
29.6
-15.1 26.4
41.5 -
34.2
36.4 59.1
As regards retail trade, 44% of the interviewed retailers registered a year-on-year sales increase in November, a growth of 3 percentage points from October. On the other hand, 38% of the interviewed retailers reported a year-on-year sales decrease, up by 5 percentage points from October.
29.9 Stable
-15.2 34.3
-4.6 54.5
Restaurants' perceptions of year-on-year changes in receipts
-22.6
There were 36% of the interviewed restaurants & similar establishments reporting a year-on-year rise in receipts in November 2018, an increase of 3 percentage points from October. Meanwhile, 30% of the interviewed establishments recorded a year-on-year decrease in receipts, down by 9 percentage points from October.
8.6 20.0
18.2
9.1
44.4 13.0
2.9
9.4 22.6
54.5 45.5
40.0 45.0
25.9 20.0
9.1 34.8
32.6
45.5 15.2
28.6 60.6 35.8 34.0
24.5 13.2
4.5
Actual
52.2
24.2 22.6
28.3 18.9
-2.9 32.8
8.5 Forecast Actual Difference
(p.p.)
-5.0 Difference
(p.p.)
17.4 25.9
25.0
37.1
43.4 35.8
36.4
25.0 63.6
Nov.
3.7
5.0 -
40.0
4.9 10.9
13.0 8.6
25.0
Nov.
25.0
25.0 21.7 Oct.
22.2
Oct. Nov. Oct.
39.1 29.9 34.2
29.6 27.6
Restaurants & Similar Establishments
14.0
15.1 37.7
30.4
Local Style Cafe, Congee & Noodle Shop
4.5 9.1 4.6
Japanese & Korean Restaurant
49.4 Local Style Cafe, Congee &
Noodle Shop
18.2 3.0
20.0 35.0 15.0
21.2 37.7
34.3
Forecast
35.9 18.1
Western Restaurant
44.4 Others
13.2 37.1
37.7
Year-on-year Increase Difference
(p.p.) 17.8
Chinese Restaurant
50.0
Others 28.6
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.
BUSINESS CLIMATE SURVEY
RESTAURANTS & SIMILAR ESTABLISHMENTS AND RETAIL TRADE NOVEMBER 2018
32.6 25.9
35.0
24.5 21.7
26.4 31.8
Oct. Nov.
Stable
3.8 Decrease
< 20% ≧ 20%
Nov.
- 15.0 9.1
Chinese Restaurant
35.9
33.3 22.8
The interviewed restaurants & similar establishments expected their business to be stable in December 2018, with 52% of them anticipating their receipts to remain steady year-on-year, an increase of 3 percentage points from November. Meanwhile, 27% of the interviewed establishments anticipated a year-on-year decline in receipts, down by 6 percentage points from November.
Retailers were cautious about their business prospects in December, with the proportion of interviewed retailers expecting stable sales (49%) remaining steady compared with November. Meanwhile, 30% of the interviewed retailers anticipated a year-on-year sales decrease, up by 2 percentage points from November.
Restaurants & Similar Establishments
Western Restaurant Japanese & Korean Restaurant
-7.6
4.4
12.1 34.3 -29.3
Increase Subtotal < 20%
Oct.
Oct.
36.4 9.1
24.7
27.3 45.0
10.9
≧ 20%
Nov.
Subtotal Oct.
10.0 18.5 5.0
28.2
31.8 36.4
40.0 Nov.
27.3
Among the interviewed restaurants & similar establishments, 36%
registered a year-on-year rise in receipts in November 2018, higher than expected by 18 percentage points. The corresponding proportion of Local Style Cafes, Congee & Noodle Shops exceeded the forecast significantly by 23 percentage points. On the other hand, 30% of the interviewed establishments recorded a year-on-year decrease in receipts in November, lower than predicted by 3 percentage points. The corresponding proportion of Local Style Cafes, Congee & Noodle Shops was lower than the forecast by 15 percentage points (Table 2).
The proportion of Chinese Restaurants (44%) recording a year-on-year rise in receipts in November 2018 rose by 12 percentage points from October, while that of Japanese & Korean Restaurants (9%) decreased by 23 percentage points. Meanwhile, the proportion of Western Restaurants (25%) reporting a year-on-year decline in receipts reduced by 20 percentage points, whereas that of Japanese & Korean Restaurants (55%) grew by 18 percentage points (Table 1).
36.3%
43.6%
30.8%
49.0%
59.4%
47.7%
41.3% 46.8%
39.2%
51.7%
29.0% 33.3% 35.9%
35.7%32.1%
56.4%
35.5%
19.4% 21.9%
29.0% 26.0%
34.0% 30.5%
44.4% 39.1%
29.9%
80%
60%
40%
20%
0%
20%
40%
60%
80%
Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov.
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 November and December 2018
%
Retail Trade
Table 4: Retailers' perceptions of year-on-year changes in sales for October and November 2018
%
•
Forecast and Actual Business Performance
•
2 Business Climate Survey on Restaurants & Similar Establishments and Retail Trade November 2018
Meanwhile, the proportion of Western Restaurants (15%) predicting ayear-on-year decline in receipts in December decreased by 15 percentage points from November (Table 3).
5.0 - 10.0 13.0 16.7
27.0 52.2
< 20%
30.0
4.3
33.1 52.2
-
Oct.
30.0
-
27.2 5.7
13.6
26.5
50.0 55.0
19.9
3.7 There were 30% of the Western Restaurants expecting a year-on-year
rise in receipts in December 2018 and 50% of the Japanese & Korean Restaurants anticipating their receipts to remain stable, up by 10 and 14 percentage points respectively from November.
17.0 60.0 20.7
- Nov.
Chinese Restaurant 30.4 3.7
32.8 49.4
17.4
51.9
60.0
38.9
17.4 13.0
18.2 40.4
17.0 9.4
Department Store Motor Vehicle
Oct.
55.6 10.0
10.0 9.1 11.1 10.0
Among the interviewed retailers, 44% registered a year-on-year sales increase in November 2018, higher than expected by 20 percentage points. The corresponding proportions of Leather Goods Retailers (100%) and Supermarkets (67%) surpassed the forecast by 40 and 22 percentage points respectively. On the other hand, 38% of the interviewed retailers reported a year-on-year sales decrease in November, 11 percentage points higher than predicted. The corresponding proportion of Cosmetics & Sanitary Articles Retailers (60%) outstripped the forecast by 30 percentage points (Table 5).
27.8 Western Restaurant
17.8 14.4
18.2 27.3
20.0 28.3 35.8 50.0
Cosmetics & Sanitary Articles
20.0
Supermarket
< 20%
Subtotal
-
20.0
27.3 36.4
-
18.9
26.9 9.4
- -
20.7 13.2
- 11.1 11.1
Nov.
≧ 20%
30.0 50.0
40.0
30.0 20.0
5.6 17.3
22.2 38.9
20.8 19.2
5.6 30.0 10.0
15.4 11.5
Retailers' perceptions of year-on-year changes in sales 28.3
22.2 44.4
38.9 16.7
20.0 -
-
20.0 60.0
30.0
18.2 50.0
20.0 35.0
9.1 40.0
36.4 20.0
-
- -
10.0 15.0 27.3
Year-on-year Decrease
22.2
Nov.
Oct.
3.8
30.0 15.0
31.8 21.7
18.2 5.7 23.9
3.3
Restaurants' expectations for receipts for December 2018
Dec.
31.5
Dec.
Nov. Dec. Nov.
Stable Nov.
4.5 20.0
50.0
36.4 36.4
-
- 30.0
16.7
5.0 35.0
24.5 22.2
50.9
20.0 80.0
25.0
33.3
10.0
10.0 10.0
40.0 20.0
20.0 Watches, Clocks &
Jewellery Others Leather Goods Adults' Clothing
40.0 100.0
26.4 36.5
27.8 5.6
53.8
All of the interviewed Leather Goods Retailers showed a year-on-year sales growth in November 2018, a significant increase of 60 percentage points in the proportion compared with October; the corresponding proportions of Supermarkets (67%) and Watches, Clocks & Jewellery Retailers (33%) each grew by 11 percentage points, while the share of Cosmetics & Sanitary Articles Retailers (20%) decreased by 30 percentage points. Meanwhile, the proportions of Cosmetics & Sanitary Articles Retailers (60%) and Adults’ Clothing Retailers (50%) registering a year-on-year sales decrease rose by 20 and 15 percentage points respectively from October (Table 4).
25.0
18.2 20.0
55.6 26.7 Nov.
44.4 20.0 Nov.
- 66.7
18.4 55.6 17.0 43.7
- -
22.1
27.3
45.3
Retail Trade
15.1
-
59.1
25.7
80.0 12.1
5.7 8.6
8.6 Others
32.1 41.5
37.8 18.5
- 45.5
Nov. Nov.
24.2
80.0 - Stable 63.6
Subtotal
Oct. Oct. Oct.
Decrease
6.1
10.0
Nov. Oct.
Restaurants & Similar Establishments
≧ 20%
Nov.
Subtotal
5.4 Subtotal
Dec.
Dec.
Year-on-year Increase
3.4
≧ 20%
Dec. Dec. Nov.
2.9
< 20%
28.6 5.7
- 6.5
43.4
≧ 20%
< 20%
Nov.
25.0
36.4 50.0
18.2 5.0
Increase Local Style Cafe, Congee & 22.6
Noodle Shop
12.1 Japanese & Korean 4.5
Restaurant
62.9
27.2%
16.7% 15.0%
50.0%
32.1% 28.6%
52.2%
51.9% 55.0%
50.0%
45.3%
62.9%
20.7%
31.5% 30.0% 22.6%
8.6%
0%
20%
40%
60%
80%
100%
Restaurants
& Similar Establishments
Chinese Restaurant
Western Restaurant
Japanese &
Korean Restaurant
Local Style Cafe, Congee & Noodle
Others
58.9% 60.8%
48.1%
84.0%
70.2% 67.2% 68.7% 66.4%
62.6%
68.7%
36.8% 40.4% 43.7%
20.9% 23.8%
37.4%
7.6%
15.3% 16.8% 13.7% 17.6%
26.7%
16.0%
33.8% 33.1%
37.8%
60%
40%
20%
0%
20%
40%
60%
80%
100%
Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov.
Decrease Stable
Increase
Increase Decrease 2017 2018
Table 5: Comparison of forecast and actual sales performance for November 2018
%
Business Prospects for Next Month
•
Table 6: Retailers' expectations for sales for November and December 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
November 2018 3
- 61.1
Motor Vehicle
45.5 44.4
20.0 16.7
60.0
20.0 Adults' Clothing
100.0
16.6
Watches, Clocks & Jewellery 22.2
-22.2
Forecast
Year-on-year Decrease Actual Difference
(p.p.) Difference
(p.p.)
-20.0 80.0
- 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 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
Nov.
-30.8
Adults' Clothing
36.4 33.3
9.1
33.0 20.0 -20.0
10.0 17.0
11.5 21.2
-
33.3 44.4
Watches, Clocks &
Jewellery Department Store
Cosmetics & Sanitary Articles
11.1 80.0 15.0
5.6 5.6
18.2 5.0 Leather Goods
61.1
5.0
16.7 52.8
30.0
48.1 27.3
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.
30.0 10.0
5.6 20.0
22.2 22.2 16.7
30.0 55.0
-
65.0 25.0
20.0 66.7
20.0 60.0
10.0
10.0 30.0 50.0
20.0 20.0
9.4 5.6 33.3
36.4 21.5
18.2
20.0 - 30.0
- 20.0
9.1 9.1 27.3
- - -
11.9 11.1
66.7
40.0
20.0 40.0
5.0 30.0
49.3 48.9 20.0 Nov.
Dec.
< 20%
45.5 27.3
Nov.
18.2
Dec.
Dec.
- -
8.1 4.4
50.0 15.4
10.0 There were 80% of the interviewed Leather Goods Retailers expecting a
year-on-year sales rise in December 2018, an increase of 20 percentage points from November. Around 67% of the Supermarkets anticipated steady sales, up by 22 percentage points from November.
Meanwhile, the proportions of Cosmetics & Sanitary Articles Retailers (50%) and Department Stores (36%) expecting a year-on-year sales decrease in December grew by 20 and 18 percentage points respectively from November, while the corresponding share of Motor Vehicle Retailers (40%) dropped by 30 percentage points (Table 6).
Others -33.6 26.4 26.9 0.5
Subtotal
5.0
≧ 20%
< 20%
Year-on-year Decrease Subtotal
Retailers' expectations for sales for December 2018 52.8
Nov. Dec.
Supermarket Retail Trade
9.1
40.0
- 70.0
-20.0 -
33.3 44.4 22.2
20.0
18.2
11.1 -
30.0
-38.9 -20.0 -45.0 -18.2
22.2 25.0
60.0
18.2 -10.0
36.4
10.0 Forecast
11.1
37.8
27.2 10.6
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
20.8 16.7 60.0 10.0 40.0 36.4 44.4 10.0 23.5
19.2 15.1
11.1 10.0
5.7 Others
30.0 10.0
19.2 10.0
20.0 10.0
20.8
10.0
40.0 44.4
53.8 19.2
10.0 Cosmetics & Sanitary Articles
Supermarket
27.3 20.0
Leather Goods 40.0
Department Store
22.3 36.4
Motor Vehicle
43.7 18.5
22.2 - 66.7
20.0
20.0 20.2
36.4 -
30.0 65.0
30.0 30.0
49.3
70.0
26.4 32.7 17.0
5.6 Stable
11.1 70.0
Dec.
Nov.
17.8 Nov.
27.2
Dec. Nov. Dec.
16.2 11.0
- -
- 29.6
25.0 50.0
Retail Trade 23.5
Actual Year-on-year Increase
Forecast Difference
(p.p.)
29.6%
40.0% 36.4%
50.0%
30.0%
22.2%
32.7%
48.9%
50.0%
66.7%
27.3%
30.0%
55.0%
20.0%
66.7% 48.1%
21.5%
10.0%
33.3% 36.4%
20.0% 15.0%
80.0%
11.1%
19.2%
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
