Divergence (II) Paradox
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Apesar de o número de turistas ter aumentado 15,3 por cento em comparação com o ano passado, na hora de abrir a carteira as pessoas revelaram-se mais cuidadosas. O clima de desilusão foi descrito pelo presidente da Federação da Indústria e Comércio de Macau Centro e Sul Distritos
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Por sua vez, é referido o agregado monetário M2, relativo ao dinheiro que pode ser usado para transacções imediatas ou fundos que podem ser convertidos em dinheiro, que aumentou 9,7 por cento em termos anuais, atingindo as 838,6 mil milhões de patacas, considerado um “recorde histórico”.
Sinais positivos
Outro destaque do relatório vai para o facto de o índice de confiança dos consumidores da China continua a manter-se “baixo”, enquanto que o rácio entre empréstimos e depósitos de residentes baixou de 50,1 para 49,4 por cento, estando ainda num “mau nível”, segundo os critérios do índice, pelo facto de haver mais empréstimos e menos depósitos, o que representa a entrada de menos capital no sistema económico.
https://hojemacau.com.mo/2025/09/16/economia-associacao-preve-estabilidade-nos-proximos-meses/
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Macau consumers have begun to grow cautious, the latest consumer confidence index compiled by the Macau University of Science and Technology shows.
The third-quarter index stands at 99.33 overall, down by 2.38, or about 2.34 per cent, from 101.71 a quarter earlier.
The university says that this drop marks a shift from a range of optimism to a ‘phase of caution’.
Of the six sub-indices, only two display a rise, with the remainder sliding.
The one for housing went up by 2.7 per cent from 99.29 to 101.99 – a level considered to be ‘optimistic’.
There was also a slight increase in the index for the domestic economy, from 93.61 to 94.14.
When it comes to stock investment, the index stands at 112.4, down by 3.26 per cent from 116.2 in the second quarter.
A drop of 3.78 per cent was also r
https://www.macaubusiness.com/consumer-confidence-slips-into-caution-zone-research-finds/
out25 the gaming industry’s prosperity does not mirror Macau’s overall economic condition
Macau’s gross gaming revenues have risen steadily amid gradual economic recovery, yet the real estate market has suffered sustained declines in both value and transaction volumes. What’s behind this disparity?
Data from Macau’s Financial Services Bureau for the first half of August 2025 paints a grim picture for the city’s residential property sector: only 118 units were sold in the first 15 days of August, with an average price of MOP$78,990 (US$9,860) per square meter. This marks a sharp decline from the same period in 2019, when 443 units were sold at an average price of MOP$119,351 (US$14,900) per square meter. Over the six-year period, property transactions have plummeted by roughly 275% and average prices by 30%. Even compared to the same pandemic-hit period in 2020, transactions are down 46% and prices by 20.7%.
In stark contrast, Macau’s gaming sector is on an upward trajectory. Gross Gaming Revenue (GGR) in August 2025 reached around MOP$22.2 billion (US$2.77 billion), a post-pandemic high, recovering to 91.3% of the same period in 2019. This divergence highlights that the real estate market has not only failed to bounce back from the pandemic but is sliding further into decline.
Impact of mainland China’s policies
Professor Jacky Yuk-Chow So, Chair Professor at the Faculty of Business Administration of Macau University of Science and Technology, told IAG that the gaming industry’s prosperity does not mirror Macau’s overall economic condition. The downturn in the real estate market (both commercial and residential sectors) is intertwined with multiple factors, including policies from mainland China and shifts in the gaming industry.
https://asgam.com/2025/09/30/downward-spiral/
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Todos os indicadores de desemprego pioraram
A taxa de desemprego em Macau não sofreu alterações sequenciais entre Junho e Agosto, mantendo-se em 2,0%, apesar das melhorias no capítulo do subemprego. No entanto, este cenário de estabilidade espelhado nas estatísticas oficiais não esconde o facto de todos os indicadores do emprego terem piorado em relação ao ano passado, desde a população activa ao universo de desempregados e subempregados
https://jtm.com.mo/local/todos-os-indicadores-emprego-pioraram-este-ano/
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