The value of sales of motorcycles, and parts and accessories skyrocketed 49.6 per cent in the first quarter of 2017 when compared to the same period in the previous year, while the sales volume for the same category increased 43 per cent.
According to the latest data released by the Statistics and Census Services (DSEC) yesterday, the change was mainly ‘due to the government’s subsidy scheme for the elimination of two-stroke motorcycles.’
DSEC also noted that the total value of retail sales during the first quarter of 2017 amounted to MOP16.59 billion, up 4.3 per cent when compared to the previous quarter, when retail sales amounted to MOP15.91 billion.
Overall, luxury goods, including watches, clocks, and jewellery, also performed well, accounting for 23.2 per cent of total retail sales.
Speaking to Business Daily, the spokesperson for a listed luxury brand retailer operating in Macau said that the company had not recorded strong sales in the first quarter, in comparison to the quarter ended 2016, registering single digit growth.
The company, whose main custom base is from Mainland China – “especially from Guangdong Province” – has five stores in the city. Its spokesperson claimed that their stores in Cotai (three in total) had performed better than the ones on the Macau Peninsula.
In addition to luxury goods, sales of goods in department stores accounted for 15 per cent of total sales posted in the first quarter, followed by adults’ clothing at 12.8 per cent, leather goods, at 11.8 per cent, and goods sold at supermarkets, at 7.1 per cent.
On a year basis, the statistics services noted that increases in the value of retail sales value were mainly recorded in the luxury category – comprising watches, clocks, and jewellery – up 23.2 per cent, and through the sales of cosmetics and sanitary articles, up 21.8 per cent.