Chart of the Day: Restaurant sales fell 5.8% in July

Food and beverage services index fell by 0.5%.

This chart from the Department of Statistics shows restaurant sales fell by 5.8% YoY in July, based on current prices.

On a constant price basis, the fall was larger at 6.9% YoY.

Meanwhile, other food and beverage sub sectors showed positive growth for the month.

On a current price basis, sales of fast food outlets rose by 7.1%, food caterers by 2%, and other eating places by 1.5%.

On a constant price basis, sales of fast food outlets grew by 6.9%, food caterers by 0.2%, and other eating places by 0.4%.

The food and beverage services index fell 0.5% YoY.

Visit Singapore Business Review website for other stories.

Your rating: MagBe