, Singapore

Singapore’s F&B sales grows 8% in March

Total sales value was estimated at S$730 million.

Food and beverage sales in Singapore grew 8% in March, reversing a 3.4% decline in February. 

The country’s statistics department primarily attributes the growth to the lower sales in March 2020 when safe distancing measures started.

Sales in the restaurants industry grew 17.9%, whilst fast food outlets and cafes, food courts and other eating places were up 5.5% and 5.6% respectively.

Food caterers, however, continued to see a year-on-year decline of 25%.

Overall sales of food and beverage services also jumped 4% over the previous month, with all industries registering growths. Total sales value was estimated at S$730 million in March, with 23.% coming from online sales.

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