Singapore's F&B sales see larger decline in January | QSRMedia Asia

Singapore's F&B sales see larger decline in January

Online sales, in contrast, was slightly higher.

Singapore’s food and beverage sales fell 24.7% in January on a year-on-year (YoY) basis, according to new data from the country’s statistics department.

The new figure is deeper than the 16.3% fall recorded last December.

Food caterers saw the largest decline, with sales plummeting 76% YoY, followed by restaurants (30.2%), cafes, food courts as well as other eating outlets (6.8%).

Fast food outlets registered a 6.7% decline compared to the other segments.

On a seasonally adjusted month-on-month basis, all industries also registered declines of between 3.6% and 10.1%.

The total sales value of food and beverage services in January was also estimated at S$720 million, with 22.1% due to online sales, slightly higher than 21.3% last December.

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