Macao Jewelry, Watch Sales +33% in 2009

Macao’s retail sales rose 16 percent to $2.8 billion during 2009. Notable increases were recorded in department store sales, which were up 41 percent, while watch, clock and jewelry sales rose 33 percent and adults’ clothing jumped 25 percent. The sale of fuel for household and automotive use decreased by 24 percent and 22 percent, respectively, according to the government.

courtesy of Rapaport TradeWire