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Xinhua Silk Road
Local

Macao's restaurants, retail businesses improve markedly in February

April 22, 2021


Abstract : Restaurants and retail businesses in Macao improved in February 2021, largely on account of the Lunar New Year effect and the relatively low base of comparison in the same month of last year, the special administrative region's statistics service said on Wednesday.

Tourists visit the Ruins of St. Paul's in Macao, south China, Feb. 15, 2021. (Xinhua/Cheong Kam Ka)

MACAO, April 22 (Xinhua) -- Restaurants and retail businesses in Macao improved in February 2021, largely on account of the Lunar New Year effect and the relatively low base of comparison in the same month of last year, the special administrative region's statistics service said on Wednesday.

The latest report from the Statistics and Census Service (DSEC) indicated that there were 93 percent of the interviewed restaurants recording a year-on-year rise in revenue or steady performance in February, up markedly by 68 percentage points from January.

As for retail trade, 88 percent of the interviewed retailers registered a year-on-year sales rise or steady performance in February, an increase of 56 percentage points over the preceding month.


Tourists visit a street near the Ruins of St. Paul's in Macao, south China, Feb. 15, 2021. (Xinhua/Cheong Kam Ka)

There were 56 percent of the interviewed restaurants and similar establishments expecting their revenue to increase month on month or remain stable in March 2021, down by 12 percentage points from February.

Moreover, 82 percent of the interviewed retailers anticipated a month-on-month sales rise or steady performance in March, a growth of 21 percentage points from the preceding month.


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