Food and beverages industry income up in June

18 Aug 2014

Total income generated by the food and beverages industry in South Africa increased in nominal terms (current prices) by 4.2% year on year (y/y) in June‚ data from Statistics South Africa showed on Monday, 18 August 2014.

Food and beverages industry income up in June

A positive annual growth rate was recorded for food sales (5.9%).

Total income increased by 5.9% in the three months ended June 2014 compared with the three months ended June 2013. The main contributors to this increase were takeaway and fast-food outlets‚ and restaurants and coffee shops.

The food and beverages survey is a monthly survey covering a sample of tax-paying public and private enterprises involved in the preparation of meals and drinks for immediate consumption.

The purpose of the survey is to monitor trends in the food and beverages industry. The figures are also used in the analysis of comparative business and industry performance.

Source: I-Net Bridge

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