Singapore’s F&B sales up 9.5% YoY in January
Total sales value of F&B services in January this year was estimated at S$829 million.
Singapore’s sales of food and beverage (F&B) services rose 9.5% year-on-year in January compared to the 7.3% in December, the country’s statistics department (Singstat) said.
Notably, sales of food caterers surged 47% on a year-on-year basis due to the low base in 2021 when demand for catering was low. Restaurants, fast food outlets and cafes, food courts and other eating places also saw sales increase by 13.1%, 7.3% and 3.4% respectively
On a seasonally adjusted month-on-month basis, sales of restaurants fell 5.4% in January, a reversal from the 19.3% rise in December, attributed to the higher base in December last year following the easing of dine-in restrictions in late November.
Sales of cafes, food courts and other eating places as well as fast food outlets also declined whilst sales of food caterers increased 2% during this period.
Total sales value of F&B services in January this year was estimated at S$829 million, SingStat said, with online sales making up an estimated 29.1%, a slight increase from the 28.6% recorded in December 2021.