Chart of the Day: Check out which segment dragged F&B sales

Topline F&B Service Index was down 7.4% year-on-year in February.

Food & Beverages turnover went into a slump as retail sales registered underwhelming growth in February.

According to the latest figures from the Department of Statistics, the F&B Service Index fell 7.4% yoy, with the restaurant segment to blame.

Restaurant sales were down 18% in the said month compared to the turnover registered last year. Similarly, fast food and food caterers sales decreased by 5.9% and 1.5%, respectively.

Only other eating places registered an uptrend at 2.9%.

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