Macau GDP figures see improvement in 16Q2

Macau’s gross domestic product (GDP) slumped 7.1 percent for the second quarter of the year, according to the latest data released by the Statistics and Census Service (DSEC).

Despite the drop, the region is showing signs of improvement compared with the first quarter (a decline of 13.3 percent), mainly due to slower declines in service exports and investment, as well as a lower base of comparison in the previous year.

In regards to gaming services, exports of gaming services diminished by 12 percent, compared to 17.1 percent in the first quarter, said the DSEC.

The improvements follow a pick up in mass market revenue observed in the second quarter of 2016.

Last week, analysts from Bernstein estimated August GGR to be down to a -3 to -1 percent year-on-year decline.