Fast food outlets generate 10% sales growth in Singapore
Total sales value of food & beverage services was estimated at SG$916m.
More Singaporeans were spending in fast food in the past 12 months ending August 2019, beating out the combined performance of restaurants, food caterers and other eating places.
According to their Department of Statistics, fast food outlets grew 10% year-on-year (YoY), followed by restaurants (4.9% YoY) and food caterers (3.7% YoY).
Other eating places such as cafes were on the red, down 0.4% YoY.
Comparing performances over the previous month, restaurants were the top gainers, reporting 3.1% sales growth, followed by fast food outlets (1.2%) and food caterers (0.2%). Turnover of other eating places decreased marginally by 0.1% in the said period.
(Also read: McDonald's still favorite option for Singaporeans, study claims)
Overall, sales of food & beverage services grew by 3.6% in August 2019 compared to the same period last year and increased by 1.4% over the previous month.
Total sales value of food & beverage services was estimated at SG$916m, compared to SG$884m in August 2018.
Meanwhile, food retailers - stores which sell food & beverages that are generally not meant for immediate consumption on their premises - was down 2.3% YoY and down 1.2% month-on-month.
