, Singapore

Fast food outlets beat restaurants with a 5.6% increase in sales

Sales of restaurants declined 0.8% in August.

According to Department of Statistics Singapore, sales of food & beverage services (seasonally adjusted) increased 1.4% in August 2012 compared to the previous month.

Compared to a year ago, sales of food & beverage services rose 6% in August 2012.

Here's more from SingStat:

Month-on-Month Change (Seasonally Adjusted)
After seasonal adjustment, receipts of fast food outlets and other eating places (such as cafes and canteens) increased 5.6% and 3.1% respectively in August 2012 over July 2012.

On the other hand, receipts of restaurants and food caterers declined 0.8% and 0.6% respectively over the same period.

Year-on-Year Change
Compared to August 2011, food caterers recorded an 8.2% increase in receipts in August 2012. Turnover of other eating places, fast food outlets and restaurants also rose between  4.4% and 6.7% over a year ago. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!