F&B Services Index
Food & Beverage Services Index (Feb 2025)
Sales of food & beverage (F&B) services fell 5.6% in February 2025 on a year-on-year basis, reversing the 10.3% growth in January 2025. The lower 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. For the two-month period (January to February), F&B sales increased 2.1% in 2025 compared to 2024.
On a seasonally adjusted basis, sales of F&B services decreased 1.4% in February 2025 compared to the previous month.
The total sales value of F&B services in February 2025 was estimated at $961 million. Of this, an estimated 23.4% were from online sales, the same as January 2025.
Year-on-Year Change (At Current Prices)
Within the F&B services sector, sales of Restaurants and Fast Food Outlets fell 10.2% and 8.2% respectively. Similarly, Cafes, Food Courts & Other Eating Places declined 3.1% during this period. In contrast, turnover of Food Caterers increased 6.6% in February 2025.
Month-on-Month Change (At Current Prices, Seasonally Adjusted)
On a seasonally adjusted month-on-month basis, sales of Fast Food Outlets as well as Food Caterers fell 6.2% and 5.6% respectively. Similarly, Restaurants dropped 1.5% during this period. Conversely, turnover of Cafes, Food Courts & Other Eating Places increased 2.3% in February 2025.
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