F&B Services Index
Food & Beverage Services Index (Jan 2025)
Sales of food & beverage (F&B) services increased 10.4% in January 2025 on a year-on-year basis, following the 0.8% growth in December 2024. The higher sales of F&B services were similarly due to the difference in the timing of Chinese New Year, which took place in February last year and January this year.
On a seasonally adjusted basis, sales of F&B services rose 4.9% in January 2025 compared to the previous month. The total sales value of F&B services in January 2025 was estimated at $1.1 billion. Of this, an estimated 23.6% were from online sales, lower than the 24.9% recorded in December 2024.
Year-on-Year Change (At Current Prices)
Within the F&B services sector, Food Caterers registered a growth in sales of 31.8%. Similarly, turnover of Restaurants and Fast Food Outlets rose 17.7% and 11.2% respectively during this period. In contrast, turnover of Cafes, Food Courts & Other Eating Places declined 2.2% in January 2025.
Month-on-Month Change (At Current Prices, Seasonally Adjusted)
On a seasonally adjusted month-on-month basis, all industries recorded growths in sales in January 2025. Food Caterers registered a growth in sales of 8.8%. Similarly, turnover of Restaurants rose 7.6%, while sales of Fast Food Outlets and Cafes, Food Courts & Other Eating Places increased 5.0% and 1.1% 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