Due to a 12.2 % fall in gross revenues from the gaming sector and 20.6 % in visitor spending
Macau’s gross domestic product sees biggest fall in second quarter since 1998
2009-09-01
Reading time 20 seg
According to Macau’s Statistics and Census Bureau, Macau’s GDP contracted between January and June, with a fall of 12.8 % against the same period of 2008.
The fall in GDP in the second quarter was due to a 12.2 % fall in gross revenues from the Gaming sector and 20.6 % in visitor spending, in nominal terms and compared with the same period of 2008, official figures showed.
Gross fixed capital formation, in its turn, fell by 27.4 % due to the “suspension of work on large construction projects.”
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