Food and beverages industry income up 8.1% quarter on quarter in April

Total income in the food and beverage industry increased 8.1% in the three months ended April 2015 compared with the three months ended April 2014, Stats SA said on Monday...

The main contributors to this increase were:

takeaway and fast-food outlets (11% and contributing 4 percentage points); and
restaurants and coffee shops (6.1% and contributing 2.8 percentage points).

Measured in nominal terms (current prices), total income generated by the food and beverages industry increased by 8.1% in April 2015 compared with April 2014. Positive annual growth rates were recorded for food sales (9.5%) and bar sales (0.2%).

In April 2015, the highest annual growth rate was recorded for takeaway and fast food outlets (13.3% and contributing 4.9 percentage points).

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: BDpro