Fast food outlets the worst-performing F&B sector in December

Only one with declining receipts yoy.

In a release, SingStat reported that compared to December 2011, food caterers recorded a 4.5% increase in receipts in December 2012. Similarly, turnover of other eating places and restaurants rose 3.0% and 2.8% respectively over the previous year. In contrast, turnover of fast food outlets decreased 0.8% in December 2012 over December 2011.

Performance was gloomier on a month-on-month basis. After seasonal adjustment, fast food outlets and food caterers recorded declines in receipts of 3.5% and 2.0% respectively in December 2012 over November 2012. Receipts of restaurants decreased 0.6% compared to the previous month.

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