Portfolio of Kimberly Johans

A collection of articles created during my stint as a journalist at The Macau Daily Times

Wholesale and retail industries see overall increase for 2006

Posted by Kimberly on October 18, 2007

By Kimberly Johans
Published in The Macau Daily Times
October 18, 2007, page 4 (414 words)

There was an overall increase across the board within the wholesale and retail industries, according to information released by the Statistics and Census Service yesterday.
Figures show an increase of 464 retail outlets in 2006 as opposed to 2005. There was a total of 12,087 wholesale and retail outlets operating last year, compared with 11,623 in 2005.
At the end of last year, the number of people engaged within these industries rose by 5 percent to 34,675.
The overall business performance of the wholesale and retail sectors were able to sustain satisfactory growth in 2006 due to the opening of major tourism and gaming facilities, increasing numbers of visitor arrivals and residents’ growing propensity to consume with rising income.
Total receipts and expenditure for 2006 amounted to MOP28.67 billion and MOP27.26 billion respectively, up by 16 percent each over 2005, while gross fixed capital formation surged by 111 percent to MOP618 million.
In addition, gross value added, which is a measure of the sector’s contribution to the economy, rose by 21 percent to MOP3.92 billion.
Wholesale and retail establishments operating in 2006 totalled 10,012, an increase of 419 establishments compared with 2005.
This comprised of 739 in the sale of motor vehicles and automobile fuel, 4,34 in wholesale trade and 4,919 in retail trade.
The number of people engaged within these sectors rose by 6 percent over 2005, to 30,930.
Sales and receipts of the wholesale and retail establishments rose by 16 percent over 2005, to total MOP27.67 billion.
In terms of industry, receipts of the wholesale establishments were MOP14.93 billion (54 percent of the total) and that of the retail establishments was MOP10.01 billion (36 percent) respectively; the sale of motor vehicles & automotive fuel establishments comprised 10 percent or MOP 2.73 billion.
Total expenditure of the wholesale and retail establishments increased by 16 percent over 2005 to MOP26.41 billion.
Among the expenditure items, purchase of goods and commission paid amounted to MOP21.65 billion while operating expenses and compensation of employees were MOP2.9 billion and MOP1.86 billion respectively.
In addition, the number of market and street stalls in operation rose by 45, to 2,075 in 2006 over the previous year. This comprised of 786 market stalls and 1,289 fixed stalls on the street.
The number of people working within this area rose by 3 percent over 2005 to 3,745.
Receipts and expenditure of the stalls amounted to MOP1.0 billion and MOP850 million respectively, up by 7 percent and 5 percent compared with 2005.


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