F&B sector sees 20% sales surge 

Revenues of the interviewed restaurants & similar establishments rose 19.6% year-on-year in February 2024, with receipts of Chinese Restaurants and Local Style Cafes, Congee & Noodle Shops rising 31.5% and 12.7% respectively. By contrast, receipts of Japanese & Korean Restaurants dropped 19.2%. Meanwhile, sales of the interviewed retailers dropped slightly by 0.8% year-on-year in February, data from the Statistics and Census Service (DSEC) shows. Sales of Cosmetics & Sanitary Articles Retailers and Motor Vehicle Retailers fell 19.6% and 14.4% respectively, while sales of Supermarkets grew 21.9%.