Macau sees slowdown in industrial sector for 2018

The revenue of Macau’s industrial sector fell 4.1 per cent to MOP11.07bn (US$1.37bn) in 2018, according to the SAR’s statistics service. Furthermore, the expenditure of the sector decreased four per cent to MOP7.96bn.

The revenue of cement and concrete manufacture dropped 16.5 per cent to MOP1.21bn for the year. This marks the fourth-consecutive year of decline on the back of a continued slowdown in demand after a decrease in the number of local large-scale construction projects.