Retail sales drop sharply in first half

Retail sales totaled MOP36.85 billion in the first six months of 2024, a decline of 17.5% from the same period a year earlier, according to government data. The drop was due mainly to high comparisons in early 2023 as spending recovered from the pandemic. Sales of communication equipment plummeted by 39.4% while watches, jewelry and leather goods also fell sharply. In contrast, motor vehicles saw a slight gain of 0.8% while food sales increased by 3%.

Retail sales drop sharply in first half

Retail sales drop sharply in first half

Retail sales drop sharply in first half

Retail sales drop sharply in first half

Retail sales drop sharply in first half