Macao's restaurant, retail businesses grow in January-Xinhua

Macao's restaurant, retail businesses grow in January

Source: Xinhua

Editor: huaxia

2023-03-17 21:08:16

MACAO, March 17 (Xinhua) -- Restaurants and retail businesses in Macao grew in January from the same period of last year, the special administrative region's (SAR) statistics service said on Friday.

The latest report from the Statistics and Census Service indicated that the revenue of the interviewed restaurants and similar establishments increased by 45.8 percent year on year in January, driven by the relaxation of border control measures and the Chinese New Year holidays.

Sales of the interviewed retailers went up by 35.3 percent year on year in January.

Regarding the business expectations for February, 55 percent of the interviewed restaurants and similar establishments expected their receipts to decrease month on month. Meanwhile, about half of the interviewed retailers forecasted a month-on-month sales drop in February.