Retail sales up by 13 percent

The value of retail sales for the third quarter of this year totalled MOP12.45 billion (US$1.6 billion), up by 13 percent year-on-year, data from the Statistics and Census Service shows. Retail sales of watches, clocks and jewellery amounted to over one quarter of the total value of sales. The value of retail sales for the third quarter decreased by 3 percent compared with the second quarter. In the first nine months of 2012, the value of retail sales totalled MOP38.49 billion, an increase of 24 percent compared with one year earlier.