In the second quarter, retail sales in Macau amounted to 15.97 billion Macau patacas, with the decline notably narrowing.

According to data from the Macao Statistics and Census Bureau, the retail sales in the second quarter of 2025 amounted to MOP 15.97 billion, a year-on-year decrease of 1.4%, with a significant improvement from the first quarter (-15.0%). Among the main retail industries, the sales of adult clothing and department stores in the second quarter increased by 2.7% and 1.9% respectively, while leather goods (-4.4%) and cosmetics and hygiene products (-3.6%) saw a slower decline compared to the first quarter. Excluding the impact of price factors, the sales volume index decreased by 2.4% in the second quarter compared to the same period last year, with adult clothing (+7.3%), department stores (+5.7%), and cosmetics and hygiene products (+0.2%) showing growth, while communication devices (-4.8%), supermarkets (-2.4%), and leather goods (-0.2%) experienced a decrease. In the first half of this year, retail sales amounted to MOP 33.55 billion, a 9.0% decrease year-on-year. Sales of leather goods and cosmetics and hygiene products decreased by 15.8% and 14.3% respectively, while pharmacies and automobiles increased by 4.5% and 3.6%. The average sales volume index in the first half of the year decreased by 11.4% year-on-year, with a more significant decrease in watches and jewelry (-26.5%), while pharmacies (+4.9%) and automobiles (+3.0%) recorded increases. According to the opinions of retail merchants, 54.7% of respondents expect the volume of goods sold in the third quarter of this year to be similar to the same quarter last year, while 40.0% anticipate a decrease in sales volume and 5.3% expect an increase. Additionally, 76.0% of merchants predict that sales prices in the third quarter will remain at the same level as last year, 18.1% expect a decrease, and 5.9% expect an increase.