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Food and beverage sales up 9,1% in November

The total income generated by the food and beverages sector in SA increased by 9.1% in November last year compared with the previous year‚ data from Statistics SA (Stats SA) showed on Monday (21 January).

22 Jan 2013

Positive annual growth rates were recorded for bar sales (18.3%)‚ food sales (8.1%)‚ and other income (7.0%).

In terms of sectors‚ the main contributor to the annual growth rate of 9.1% in total income was takeaway and fast-food outlets with a 15.5% year-on-year rise and contributing 5.2 percentage points; followed by restaurants and coffee shops with a 6.7% increase and contributing 3.2 percentage points; and catering services‚ with 3.9% and 0.7 of a percentage point contribution.

The total income generated by the food and beverages sector alone increased by 8.4% for the three months ended November last year compared with the same period in 2011.

Income from takeaway and fast-food outlets‚ restaurants and coffee shops contributed the most to the 8.4% quarterly rise in total income‚ Stats SA reported.

Positive annual growth rates were recorded for bar sales (12.8%)‚ other income (11.8%)‚ and food sales (7.8%).

Source: I-Net Bridge

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