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.