F&B sector registers revenue increase
All types of interviewed restaurants and similar establishments, and retailers, registered a year-on-year rise in revenues in May, according to data released by the Statistics and Census Service (DSEC) yesterday.
Receipts of the interviewed restaurants and similar establishments grew by 48.8% year-on-year, with notable increases in the receipts of Western Restaurants (+94.7%) and Chinese Restaurants (+68.4%).
As regards the business expectations for June, 36% of the interviewed restaurants and similar establishments expected their receipts to decrease month-on-month, while 11% of the interviewed establishments predicted that their receipts would increase month-on-month in June.
For retail trade, 40% of the interviewed retailers forecasted a month-on-month sales decline in June, with the corresponding shares for leather goods retailers (60%), motor vehicle retailers (55%) and department stores (50%) reaching 50% or above. Staff Reporter
