F&B sales dip 5.7% MoM in February

Across industries, only one posted an uptick in sales.

Sales of Food and Beverage (F&B) services dipped 5.7% month-on-month in February 2022.

On a year-on-year basis, the sales fell 0.6%.

When compared to January 2022, sales of all F&B industries except for Fast Food Outlets (+1.4%) declined in February 2022.

Restaurants had the biggest decrease, dropping 13.4%, followed by food caterers (-9.1%), and cafes, food courts and other eating places (-0.5%).

On a year-on-year basis, restaurants also posted the biggest decrease (-5.7%) in sales and was also the only industry to post a decline.

Meanwhile, sales of food caterers; cafes, food courts and other eating places; and fast-food outlets rose 26.3% YoY, 1.4% YoY, and 0.9% YoY, respectively.