Macau’s retail sales soared in the first quarter. The value of retail sales for the first quarter of 2012 reached MOP12.88 billion (USD1.6 billion), up by 28 percent year-on-year, official data shows.

Retail sales of watches, clocks and jewellery goods led the pack, amounting to MOP4.03 billion or close to one third of the total.

Macau’s value of retail sales for the third quarter of 2011 reached MOP10.59 billion (USD1.32b), up by 38 percent year on year, information from Macau’s Statistics and Census Service shows.