F&B sales inch up 0.6% YoY in November
It reached a total amount of $706m.
Food and beverage (F&B) sales saw a 0.6% increase year-on-year (YoY) in November, as reported by the Department of Statistics.
This was a reversal of the previous month’s 4.5% decline due to tightened dine-in restrictions. October’s lower base also paved the way for a 10.4% increase month-on-month (MoM) in November.
Despite this, however, F&B sales value for the month, estimated at $706m, remained below pre-COVID levels. Of which, around 32.8% make up online F&B sales.
YoY, food caterers saw the biggest increase at 38.9%, due to a low base from the previous year. Also continuing this sentiment was cafes, food courts, and other eating places with a 3.1% YoY increase due to higher demand for food deliveries.
Meanwhile, restaurant sales were down 4.9% because of the implementation of dine-in restrictions.
MoM, the opposite can be seen as restaurants jumped by 32.8% in November 2021 owing to the easing of dine-in restrictions. Sales of food caterers and cafes, food courts, and other eating places also inched up by 4.6% and 2%, respectively.
On the other hand, sales of fast food outlets dipped by 5.2% in the same period.