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Macao 3Q19 Econ Contracts 4.5% YoY in Real Terms
Macao's Information from the Statistics and Census Service (DSEC) indicated that the economy of Macao in the third quarter of 2019 contracted by 4.5% year-on-year in real terms...
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Macao 3Q19 Econ Contracts 4.5% YoY in Real Terms
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2019/11/15 10:15
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Macao's Information from the Statistics and Census Service (DSEC) indicated that the economy of Macao in the third quarter of 2019 contracted by 4.5% year-on-year in real terms, mainly attributable to a larger decline in exports of services.

External demand continued to slow, with exports of services falling by 4.7%; meanwhile, exports of goods edged up by 0.5%. Domestic demand decreased at a slower pace; gross fixed capital formation dropped by 8.5% whereas private consumption expenditure and government final consumption expenditure rose by 2.8% and 4.3% respectively.
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