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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

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