Key findings: P6420 - Food and beverages, January 2023

 

Key findings for food and beverages survey for January 2023

 

Year-on-year percentage change in food and beverages income at constant 2019 prices by type of income

 

Measured in real terms (constant 2019 prices), total income generated by the food and beverages industry increased by 15,5% in January 2023 compared with January 2022. The largest annual growth rates were recorded for:

  • bar sales (24,2%); and
  • food sales (14,8%).

 

Year-on-year percentage change in food and beverages income at constant 2019 prices by type of enterprise

 

In January 2023, the main contributors to the 15,5% year-on-year increase were:

  • restaurants and coffee shops (13,6% and contributing 6,8 percentage points); and
  • catering services (43,6% and contributing 5,1 percentage points).

 

Food and beverages income at constant 2019 prices for the latest three months by type of enterprise

 

Total income increased by 15,5% in the three months ended January 2023 compared with the three months ended January 2022. The main contributors to this increase were:

  • restaurants and coffee shops (15,7% and contributing 7,6 percentage points); and
  • catering services (32,4% and contributing 4,2 percentage points).

 

Seasonally adjusted income for the food and beverages industry increased by 4,7% in January 2023 compared with December 2022. This followed month-on-month changes of 1,6% in December 2022 and -3,2% in November 2022.