Chart of the Day: F&B service sales faced with flattish growth in 2018

It sealed a growth of around 2.5% YoY in September.

This chart from RHB with data from SingStat shows that the growth in sales for the F&B service sector remained flattish YTD as sales growth only hit around 2.5% in September YoY.

In January, F&B sales contracted by around 11% YoY and bounced back to a growth of more than 5% YoY by February. In the preceding months thereafter, the growth of F&B sales lingered around less than 5% to a contraction of around -1%.

“Despite its defensive nature, we think the outlook for the consumer foodservice sector is challenging,” RHB commented. “With more retail malls wooing consumer foodservice tenants, we believe this sector will see the number of F&B establishments in Singapore growing faster than the Singapore F&B services index.”

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia