Reuters is reporting that perhaps Macau’s gaming revenue growth could fall to 11% year-on-year in May.
Below is a chart of Macau gross gaming revenue growth and China’s GDP growth (%yoy, real). This shows a pretty tight correlation between Macau gaming revenue and the Chinese economy, although it is much less clear as to whether Macau gaming revenue is a useful leading indicator.
Source: Gaming Inspection and Coordination Bureau, Statistics and Census Service, National Bureau of Statistics
This article originally appeared here: Chart: Tight correlation between Macau gaming revenue and Chinese economy
Also sprach Analyst – World & China Economy, Global Finance, Real Estate
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