Singapore's F&B sales fall 25.4% YoY
Fast food outlets remain resilient.
Sales of Singapore’s F&B services declined 25.4% year-on-year, compared to the 43.6% fall in the previous month, according to the country’s statistics department (SingStat).
On a seasonally adjusted basis, sales of F&B services grew 29.2% in July over the previous month.
The growth was primarily attributed to the lower base in June, when food and beverage establishments operated on a takeaway or delivery basis until 18 June.
Total sales value of F&B services in July was estimated at S$665 million, with online F&B sales making up an estimated 21.1%.
The turnover of restaurants and food caterers declined 29.9% and 45.2% respectively in July this year compared to the prior year.
"Similarly, cafes, food courts and other eating places and fast food outlets recorded lower sales of 19.6 per cent and 11.5 per cent respectively during this period," added SingStat.
On a seasonally adjusted basis, turnover of restaurants, cafes, food courts and other eating places as well as fast food outlets grew by between 7.2% and 61% compared to the previous month, with more people dining in at food and beverage establishments in the country’s “Phase 2” of reopening.
The turnover of food caterers also increased 5.2% during this period due to increased demand for catered meals from foreign worker dormitories.
Overall, retail sales in Singapore fell 8.5% YoY in July, an improvement from the 27.7% in June.
