Income from food and beverages up 5.2%

26 Sep 2011

The total income generated by the food and beverages industry for July 2011 was 5.2% higher than that for July 2010, Statistics South Africa reported today, Monday 26 September.

It said the main contributor to the increase was food sales (5.5% and contributing 4.8 percentage points).

The main contributor to the positive annual growth rate of 5.2% in total income for July 2011 was takeaway and fast-food outlets (15.1% and contributing 4.2 percentage points)

The data showed that the total income generated by the food and beverages industry for the three months ended July 2011 increased by 2.1% compared with the three months ended July 2010. The main contributor to this increase was food sales (2.5% and contributing 2.1 percentage points).

The year-on year increase of 2.1% in total income for the three months ended July 2011 was driven mainly by takeaway and fast-food outlets (10.0% and contributing 2.8 percentage points).

Source: I-Net Bridge

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