Food, beverages industry's industry income up

The total income generated by the food and beverages industry for June 2010 was 10.4% higher than in June 2009, Statistics SA said on Monday, 23 August 2010.

The main contributor to this increase was food sales (9.0% and contributing 7.9 percentage points), followed by bar sales (20.5% and contributing 2.1 percentage points) and other income (28.5% and contributing 0.4 of a percentage point).

"The annual positive growth rate of 10.4% in total income for June 2010 was driven mainly by restaurants and coffee shops (14.4% and contributing 7.8 percentage points)," Statistics SA said.

The total income generated by the food and beverages industry for the second quarter of 2010 increased by 7.6% compared with the second quarter of 2009.

Statistics SA said the main contributor to this increase was food sales (6.1% and contributing 5.3 percentage points), followed by bar sales (15.8% and contributing 1.7 percentage points) and other income (43.0% and contributing 0.6 of a percentage point).

The year-on-year increase of 7.6% in total income for the second quarter of 2010 was due mainly to the increase reported for restaurants and coffee shops (9.0% and contributing 4.9 percentage points), followed by takeaway and fast-food outlets (5.2% and contributing 1.3 percentage points) and caterers (5.7% and contributing 1.0 percentage point).

Source: Sapa