F&B Services Index
Food & Beverage Services Index (Sep 2024)
Sales of food & beverage (F&B) services rose 1.6% in September 2024 on a year-on-year basis, extending the 4.4%
growth in August 2024. On a seasonally adjusted basis, sales of F&B services declined 2.1% in September 2024
compared to the previous month.
The total sales value of F&B services in September 2024 was estimated at $978 million. Of this, an estimated 23.9%
were from online sales, compared to the 24.1% recorded in August 2024.
Year-on-Year Change (At Current Prices)
Within the F&B services sector, Food Caterers as well
as Cafes, Food Courts & Other Eating Places
registered growths in sales of 19.1% and 2.4%
respectively in September 2024.
In contrast, turnover of Fast Food Outlets and
Restaurants dropped 4.1% and 1.0% respectively
during this period.
Month-on-Month Change (At Current Prices, Seasonally Adjusted)
On a seasonally adjusted month-on-month basis, all industries recorded declines in sales in September 2024. Food Caterers and Fast Food Outlets registered declines in sales of 3.5% and 2.8% respectively. Similarly, turnover of Restaurants as well as Cafes, Food Courts & Other Eating Places both decreased 1.8% during this period.
Food & Beverage Services Index (Jan 2022)
Sales of food & beverage services increased 9.5% in January 2022 on a year-on-year basis, compared to the 7.3% increase in December 2021. On a seasonally adjusted basis, sales of food & beverage services fell 3.5% in January 2022 over the previous month.
The total sales value of food & beverage services in January 2022 was estimated at $829 million.
Of this, online food & beverage sales made up an estimated 29.1%, compared to the 28.6% recorded in December 2021.
Read the latest report (in full) here: Monthly F&B Services Index
