The total retail sales value in May was estimated at S$3.9 billion, with online retail sales making up about 12 per cent, lower than the 12.4 per cent recorded in the previous month.
Excluding motor vehicles, the total retail sales value was about S$3.5 billion, with online retail sales making up 13.6 per cent.
HIGHER DEMAND FOR EVENT AND IN-FLIGHT CATERING
Sales of food and beverage services grew by 40.1 per cent in May on a year-on-year basis, compared to the 11.6 per cent increase in the previous month.
“The significant growth in F&B sales in May 2022 was mainly attributed to the low base in May 2021, when Phase 2 (Heightened Alert) measures were in place, with dining-in at F&B establishments not allowed for half of the month,” said SingStat.
All F&B services industries recorded year-on-year growth in sales in May.
Food caterers saw takings grow by 101.6 per cent. This was mainly due to higher demand for event and in-flight catering, with the easing of restrictions on large-scale events and international travel, said SingStat.
Similarly, turnover of restaurants rose 66 per cent, while sales of cafes, food courts and other eating places increased by 25 per cent. Fast food outlets saw takings rise by 13.8 per cent.
The total sales value of F&B services in May 2022 was estimated at S$910 million, of which online sales made up an estimated 24.4 per cent, lower than the 26.7 per cent recorded in the previous month.
For all the latest business News Click Here
