F&B Services Index
Food & Beverage Services Index (Oct 2024)
Sales of food & beverage (F&B) services rose 3.9% in October 2024 on a year-on-year basis, extending the 1.6%
growth in September 2024. On a seasonally adjusted basis, sales of F&B services rose 1.4% in October 2024
compared to the previous month.
The total sales value of F&B services in October 2024 was estimated at $997 million. Of this, an estimated 24.4%
were from online sales, comparable to the 24.3% recorded in September 2024.
Year-on-Year Change (At Current Prices)
Within the F&B services sector, Food Caterers
registered a growth in sales of 17.2% driven by in-flight
and event catering sales. Similarly, turnover of
Restaurants as well as Cafes, Food Courts & Other
Eating Places increased 4.8% and 2.0% respectively in
October 2024.
In contrast, turnover of Fast Food Outlets declined
1.5% during this period.
Month-on-Month Change (At Current Prices, Seasonally Adjusted)
On a seasonally adjusted month-on-month basis, all industries recorded growths in sales in October 2024. Fast Food Outlets and Restaurants registered growths in sales of 3.1% and 2.0% respectively. Similarly, turnover of Cafes, Food Courts & Other Eating Places as well as Food Caterers rose 0.3% and 0.2% respectively 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
