Singapore’s F&B sales grow 40.1% in May
All food and beverage services industries recorded growth in sales this year.
Sales of Singapore’s food and beverage services grew by 40.1% in May on a year-on-year basis, compared with the 11.6% increase in April.
"The significant growth in food and beverage sales in May 2022 was mainly attributed to the low base in May 2021, when Phase 2 (Heightened Alert) measures were in place, with dining in at food and beverage establishments not allowed for half of the month," the country’s statistics department (SingStat) said.
Food catering sales was the biggest gainer, growing by 101.6%, mainly due to higher demand for both event and in-flight catering with the easing of restrictions on large-scale events and international travel.
Turnover at restaurants also increased by 66%, whilst sales of cafes, foodcourts and other eating places rose by 25%.
Sales of fast food outlets recorded sales growth of 13.8%.
All food and beverage services industries recorded growth in sales this year due to the low base last year, SingStat noted.
Total sales value of food and beverage services in May 2022 was estimated at $910 million, with online food and beverage sales making up an estimated 24.4%.