F&B Services Index
Food & Beverage Services Index (Nov 2024)
Sales of food & beverage (F&B) services rose 3.9% in November 2024 on a year-on-year basis, extending the 3.9%
growth in October 2024. On a seasonally adjusted basis, sales of F&B services fell 2.0% in November 2024 compared
to the previous month.
The total sales value of F&B services in November 2024 was estimated at $970 million. Of this, an estimated 24.7%
were from online sales, similar to the 24.4% recorded in October 2024.
Year-on-Year Change (At Current Prices)
Within the F&B services sector, all industries recorded year-on-year growths in sales in November 2024. Food Caterers registered the largest growth in sales of 19.7%. Meanwhile, turnover of Cafes, Food Courts & Other Eating Places, Restaurants and Fast Food Outlets rose 2.3%, 2.2% and 1.4% respectively, during this period.
Month-on-Month Change (At Current Prices, Seasonally Adjusted)
On a seasonally adjusted month-on-month basis, sales of Fast Food Outlets and Restaurants fell 3.5% and 3.2% respectively. Similarly, sales of Cafes, Food Courts & Other Eating Places declined 1.1% during this period. In contrast, turnover of Food Caterers rose 1.1% in November 2024.
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
