Singapore’s F&B services surge 73.4% in April, still below pre-COVID levels
Food caterers continued to take a hit in sales.
Singapore’s food and beverage (F&B) services surged 73.4% year-on-year in April, far from a low base in 2020 when establishments were not allowed to offer dine-in services during its ‘circuit breaker’ period.
New data from the country’s Department of Statistics (SingStat) said restaurant sales grew by 172.9% , whilst cafes, food courts and other eating places saw sales rise by 59.6%.
Fast food outlets remained resilient, rising 34.8% but food caterers continued to take a hit in sales, declining by 31.7%.
Total sales value of F&B services in April was estimated at S$693 million, with online sales making up an estimated 24.4%. Sales were also higher compared to the 8.4% YoY increase in March 2021.
Food & beverage sales, SingStat said, continued to be below pre-COVID levels.
On a seasonally adjusted basis, sales of food & beverage services were down 1.3% in April 2021 over the previous month.
The total sales value of food & beverage services in April 2021 was estimated at $693 million. Of these, online food & beverage sales made up an estimated 24.4%, compared to the 23.9% recorded in March 2021.
On a seasonally adjusted month-on-month basis, turnover of fast food outlets, food caterers, cafes, food courts and other eating places declined between 1.7% and 4.1% in April 2021. In contrast, sales of restaurants grew by 0.6% during this period.
