Industrial sector receipts up 15 pct for 2015

Macau’s receipts from industrial establishments were up 15.2 per cent year-on-year in 2014 to MOP10.91 billion (US$1.39 billion) boosted by higher revenue registered in the food products and beverages manufacturing sector, the production of cement and concrete, and the increase in local power generation and rising natural gas supply, according to the latest data released by the Statistics and Census Service. Analysed by industry, the total receipts of manufacture of food products and beverages continued to rise last year due to growing visitor demand, up 33.5 per cent year-on-year to MOP1.95 billion. With increased infrastructure construction, total receipts from the manufacture of other non-metallic mineral products (mainly cement and concrete) was up nearly 30 per cent to MOP2.24 billion. Owing to the increase in local power generated and the rising supply of natural gas, the total receipts of the electricity, gas and water supply sector increased 16.6 per cent to MOP3.11 billion. In 2014, the manufacturing business of wearing apparel registered eight consecutive years of decline: total receipts from this sector decreased 31.2 per cent year-on-year to MOP695 million. For all of the 864 industrial establishments in operation last year, the gross surplus – total receipts less intermediate consumption and compensation of employees – grew 14 per cent year-on-year to MOP2.14 billion. The gross value added of these industrial establishments, a value that measures sector contribution to the economy, increased 12.6 per cent to MOP4.18 billion.