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Macao’s restaurants, retail businesses improve markedly in February

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.

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: Macao’s restaurants, retail businesses improve markedly in February

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