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F&B sales climb 14.7% YoY in February

The higher F&B sales were partly due to CNY being celebrated in February.

Food and beverage (F&B) sales increased by 14.7% YoY and 7.9% YoY in February. 

Sales value clocked in at $1b. Of the total sales value, 20.8% was from online sales.

According to the Department of Statistics Singapore (Singstat), all industries recorded year-on-year growths in sales in February 2024, led by 
Food Caterers which posted a 39.5 YoY increase.

Restaurants, Fast Food Outlets, and Cafes, Food Courts & Other Eating Places recorded 20.5% YoY, 9.0% YoY, and 5.2% YoY sales increase, respectively. 

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