MACAO, Sept. 22 (Xinhua) -- The business performance of restaurants and retailers in Macao was subdued in July 2020, but both sectors were expected to slightly improve their performance in August, the special administrative region's statistic service said here on Tuesday.
The latest report from the Statistics and Census Service (DSEC) indicated that there were 83 percent of the interviewed restaurants and similar establishments recording a year-on-year decline in revenue in July, a four percentage point increase from June.
Meanwhile, 12 percent of the interviewed restaurants reported a year-on-year rise in revenue, the same level as in June.
The DSEC report added that there were 84 percent of the interviewed retailers registering a year-on-year sales decrease in July, a rise of 4 percentage points from June.
On the other hand, 12 percent of the interviewed retailers recorded a year-on-year sales rise in July, a decrease of 4 percentage points from June.
The business of both industries was expected to improve slightly in August. There were 22 percent of the interviewed restaurants anticipating a year-on-year rise in revenue or steady performance, up by 3 percentage points from July.
As for retail trade, 23 percent of the retailers predicted that their sales would increase year-on-year or remain stable in August, a growth of one percentage point from July. Enditem
