Macau Enters into Technical Recession in Q2 2019
Reading Time: 1 minute
Gaming services exports in Macau has fallen 0.8% and resulted in a technical recession in Q2 2019.
Macau’s GDP fell by 1.8% in the three months through to the end of June to mark the second consecutive quarter of contraction following a 3.2% decline in Q1 2019.
A 30% fall in construction investment year-on-year and a 24.4% fall in the value of exports, as well as a 6.1% fall in domestic demand also contributed towards the latest figures.
However, the 0.8% drop in gaming services exports was higher than the 0.6% fall registered in the first quarter.
According to figures released in July by Macau’s Gaming Inspection and Coordination Bureau, the gross revenue from different gaming activities fell from MOP76.37bn to MOP73.56bn quarter-on-quarter in the three months until the end of June.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Macau Enters into Technical Recession in Q2 2019…
The post Macau Enters into Technical Recession in Q2 2019 appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.
Source: Eastern European Gaming
