THE M3: 3Q GDP GROWS, EXPORTS FALL

12/01/09 07:47AM EST

The Macau Metro Monitor.  December 2nd, 2009

ROBUST GAMING GROWTH ENDS MACAU’S TROUGH macaunews.com.mo

Macau saw its GDP expand by 8.2% in the third quarter.  The growth was helped by a 22.3% year-over-year increase in gross gaming revenues.  The gaming industry generated MOP 31.8 billion in gross revenues in the third quarter and MOP 83.2 billion in the first three quarters. The gaming revenues for the third quarter are the highest quarterly revenues on record in Macau. 

MACAU EXPORTS FALL 54.7% IN THE FIRST TEN MONTHS OF 2009 macauhub.com.mo

Macau’s exports fell by 54.7% year-over-year in the first ten months of 2009, to MOP 6.36 billion.  Imports fell by 18.5%, to MOP 29.62 billion.  Based on these figures from the Statistics and Census Bureau, Macau’s balance of trade posted a deficit of MOP 23.26 billion.  The ratio of imports to exports fell 17.1% to 21.5%.

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.