1 view

Singapore's F&B sales up 2.1% in June

The total sales value hit $680m.

According to the Department of Statistics Singapore, sales of food and beverage services increased 2.1% in June 2017 as opposed to the previous corresponding period. The total sales value of the F&B sector was estimated to be valued at $680m, higher than the $673m in June 2016.

Turnover of fast food outlets increased 14.6% in June 2017 compared to June 2016. Similarly, sales of food caterers and other eating places rose 4.9% and 1.3% respectively during this period.

A report by Straits Times Singapore said that the slower market for restaurants could be due to more conservative spending as there are still uncertainties in the economy, per Lim Rui Shan, executive director of the Restaurant Association of Singapore.

Get QSRMedia Asia in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The country’s health ministry said the government will review the measures in two weeks.
The upcoming opening will also be the brand’s Southeast Asian debut.
The commemorative store is located on Des Voeux Road in Central.
A portion of the profits from this collection will support healthcare workers who are impacted by COVID-19 through the Thai Red Cross Society.
The fast food conglomerate partnered with DoubleDragon Properties Corporation.
Deliveroo customers will be the first to avail of the item
Restaurants' sales were up 89.5%.
The group said take-out sales and government subsidies helped.
Delivery Hero has been trying to sell Yogiyo in order to acquire Woowa Brothers.
The outlet features a 168-seater space with 9 food stalls. 
There are currently 16 Shacks open in the market.