The Macao Special Administrative Region’s economic sentiment index is expected to remain stable between August and October, the Macao Economic Association said in a statement yesterday.thing).
The index is calculated quarterly based on 13 indicators such as hotel occupancy rate and gaming revenue, with a maximum score of 10. According to MEA’s forecast, the index is expected to reach 6.6 points in August and remain stable in the following months, reaching 6.4 points in September and 6.5 points in October.
The association admitted that Macau will still face many domestic and international uncertainties in the second half of this year.
[See more: Gaming tax revenue is up more than 15 percent for the first 7 months of 2024]
However, it noted that celebrations marking the 75th anniversary of the founding of the People’s Republic of China and the 25th anniversary of the establishment of the Macao Special Administrative Region will boost consumption during this period.
It is also expected that various measures and policy changes introduced by the central government in the past few months will boost the city’s vital tourism industry. In particular, the Ministry of Tourism has highlighted additional 10 Mainland cities Added to personal travel plans Tax-free threshold Increased from 5,000 yuan to 12,000 yuan.
Since the beginning of this year, Macau’s economic prosperity index has remained stable, with monthly scores ranging between 6.2 and 6.5.
[ad_2]
Source link
