Macao's manufacturing sector registers decrease in 2008
The principal indicators of Macao's manufacturing sector saw year-on-year decrease on account of shrinking domestic exports, according to the figures released by the city's Statistics and Census Service (DSEC).
Value of Production and other receipts of local manufacturing sector dropped by 17.7 percent over 2007 to 11.4 billion patacas (1.4 billion U.S. dollars) last year, the figures indicated.
Substantial decreases were recorded in the Manufacturing of Wearing apparel and Textiles which dropped by 19.9 percent and 14.4 percent year-on-year to 6.15 billion patacas (778 million U.S. dollars) and 1.64 billion patacas (208 million dollars) respectively last year.
Gross value added of the Manufacturing sector also slid by 22.3percent over the previous year to just 2.12 billion patacas (268 million dollars) in 2008, while intermediate consumption and gross fixed capital formation went down by 16.6 percent and 83.6 percent respectively, according to the DSEC.
