The cost of typhoon Mangkut

September’s Typhoon Mangkut, which triggered a brief 33-hour closure of Macau’s 42 land casinos and caused high windstorms and flooding, cost the island economy of Macau at least MOP1.55 billion (US$191.6 million) according to figures released this week by the Macau Statistics and Census Bureau (DSEC),

The economic losses included MOP520 million in direct losses and MOP1.03 billion in indirect losses – calculated based on the economic losses of businesses, as well as losses pertaining to homes and vehicles of households, municipal facilities, and certain public service systems.

DSEC said the estimation came from data collected from various sources for analysis and estimation, including information provided by different government departments, historical data on business performance of different economic activities derived from the DSEC database, assessment of damages on buildings through on-site inspection by DSEC enumerators, and estimation of losses gathered from some affected enterprises.

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