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January income from food, beverages industry increase

24 Mar 2010

Income generated by the food and beverage industry in South Africa rose 3.7% year-on-year (y/y) to 2.797 billion rand in January, after declining 7.0% y/y in December 2009, according to data released by Statistics South Africa on Tuesday, 23 March 2010.

January income from food, beverages industry increase

The increase was largely due to an increase in income from bar sales (25.8% and contributing 2.7 percentage points), Stats SA said.

The main contributor to the increase of 3.7% y/y in total income for January 2010 was caterers (27.1% and contributing 3.1 percentage points).

For the period November to January total income generated by the food and beverage industry was down 2.2% y/y. A decrease of 3.0% was reported for income from food sales, contributing -2.6 percentage points.

The decrease of 2.2% in total income for the three months ended January 2010 was due to a decrease in income reported by restaurants and coffee shops (-7.4% and contributing -4.3 percentage points).

However, this decrease was partially counteracted by increases in income reported by caterers (10.2% and contributing 1.3 percentage points), takeaway and fast-food outlets (3.1% and contributing 0.7 of a percentage point) and other catering services (2.2% and contributing 0.1 of a percentage point), Stats SA added.

Source: I-Net Bridge

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