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.