FX.co ★ Macau Retail Sales Fall at Softer Pace

In the second quarter of 2025, retail sales in Macau saw a decline of 2.4% compared to the same period the previous year. This marks an improvement from the revised 18.1% drop observed in the first quarter. Leather goods experienced a less steep decline of 0.2%, compared to 23.2% in the previous quarter. Similarly, the decline in automotive fuels was less pronounced at 2.2% compared to 6.7%, and Chinese food products fell by 1.9%, a substantial improvement from the 11.1% drop earlier. Household appliances reported a smaller decrease of 11.6%, better than the previous 16.2% decline, while watches, clocks, and jewellery saw a 16.3% drop, an improvement from 33.2%. However, some sectors experienced growth. Department stores reported a 5.7% increase, rebounding from a previous 16.4% decline. Sales of cosmetics and sanitary articles also slightly increased by 0.2%, improving from a 20.9% decrease, and adult clothing sales rose by 7.3%, recovering from a 7.6% fall. Pharmacies experienced accelerated growth, seeing a 7% increase compared to 2.8% prior. Quarterly, retail sales decreased by 10.2%, following a revised 5.9% drop in the previous period.