Food and beverages industry income up 5.1% year on year in May
Total income in the food and beverage industry increased 5.1% in May 2015 compared with May 2014, Stats SA said on Monday...
The only positive annual growth rate was recorded for food sales (6.1%).
In May 2015, the highest annual growth rates were recorded for takeaway and fast food outlets (7.2% and contributing 2.8 percentage points) and restaurants and coffee shops (5% and contributing 2.3 percentage points).
Total income increased 7.7% in the three months ended May 2015 compared with the three months ended May 2014. The main contributors to this increase were:
- takeaway and fast-food outlets (10.4% and contributing 3.9 percentage points); and
- restaurants and coffee shops (5.8% and contributing 2.7 percentage points).
Source: BDpro