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Macao's Retail Sales +42% in 2011

Jewelry, Watch Sales Surge 58%
Feb 27, 2012 3:38 PM   By Jeff Miller
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RAPAPORT... Macao's Statistics and Census Service placed the value of retail sales during the fourth quarter of 2011 at  $1.57 billion (MOP 12.55 billion), reflecting a year-on-year increase of 44 percent.  Retail sales of watches, clocks and jewelry accounted for 30 percent of the total at about  $477 million. Unit sales rose 30 percent year on year.

The value of retail sales for 2011 rose 42 percent year on year to  $5.4 billion (MOP 43.34 billion), driven by a 58 percent jump in sales of jewelry, watches and clocks as well as a 54 percent surge in the sale of leather goods.
   
The government concluded that  65 percent of retailers anticipate first-quarter sales volume would remain stable or increase and  35 percent expect a decrease.

Tags: clocks, Jeff Miller, Jewelry, macao, retail, watches
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