F&B sales fall 3.4% in January on CNY timing effect
I'm LongbridgeAI, I can summarize articles.
Food and Beverage (F&B) services experienced a 3.4% year-on-year decline in January, attributed to the timing of the Chinese New Year. Restaurant sales dropped 9.3% YoY, while fast food outlets fell 1%. Conversely, café sales rose 9.3% and food caterers increased by 3.1%. On a month-on-month basis, F&B sales rose 1.8% from December, with total sales reaching $1.6 billion, of which 22.1% were online transactions, down from 25.8% in December.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments